12/22 Financial Skeptic

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. Financial Skeptic Palm Balance Sheet Quicksand December 21, 2009 at 12:36 pm Palm (PALM) reported quarterly results and wants investors to remain enthusiastic. Sequentially shipments dropped by 5%. At this point investors know all they need to know. If a compelling product comes to market sales do not drop 5%. But just to be complete here are a few other things that keep investors awake at night. 1. The current cash position is equal to one third of market capitalization. 2. Accounts receivable are up but revenues have dropped by two thirds 3. Payables are up by some 70% 4. Something called Series C Derivatives has appeared as a current liability to the tune of approximately $179 million. 5. Long term debt is undented but equal to the cash position of the company.   This email was sent to nganunganu@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.