Post by
Duster340 on May 02, 2023 4:37pm
Very Strong financial report
except for two things not sure how it will trade tomorrow?
#1 Cash and cash equivalents at the end of Q4 2023 totaled $86.5 million compared to $265.2 million at the end of Q4 2022.
#2 Inventory at the end of Q4 2023 was $467.6 million , an increase of 124.7% compared to $208.1 million at the end of Q4 2022.
they say another full year before inventory normalizes.
not sure how that will play out in a recession. they may have to sell at a discount
also the debt ceiling is june/1st. things could get ugly if kevin mccarthy and the republicans take us off the cliff.
Comment by
prophetoffactz on May 02, 2023 4:55pm
first guide miss in 3+ years
Comment by
abcguysh on May 02, 2023 5:25pm
Inventory decreased from Q3 at $508 million to $467 million at end of Q4, so this should be a positive ...
Comment by
Duster340 on May 02, 2023 7:18pm
thats 40 million per quarter x 4 = 160M off the 467M = 307M this time next year thats still 100M more inventory than year end 2022. can they even shave off 40M per quarter in a recession i think not, the economy is just begining to slow, no telling how bad it could get to many variables. it will be interesting to see what happens tomorrow.
Comment by
Niceneasydoesit on May 03, 2023 7:19am
A miss on an expensive stock is not good. Margin compression worrisome. Don't see that @ lulu