A brief rundown of Q2’s earnings report (all figures US$ unless noted):
After last quarter’s negative cash figure (-$10M OCF), Q2 saw several encouraging developments on the cash flow statement. ACAS is once again cash flow positive, generating $141M OCF during the 1st 6 months. This is a 26% decline from last year but [...]
A quick rundown on Q2 earnings and then I’ll focus on strategic matters. All results US$ unless otherwise noted:
Cash flow from operations increased 30% to $2.8B for the 6 months ended 06/30/2008. That’s probably another record for the company but they’re going to need every penny and then some as they showed $6.3B [...]
2008 Q2 highlights (all figures C$ unless otherwise noted):
Due to the acquisitions, YOY comparisons may be misleading so I will be focusing on changes from Q1 2008. Keep in mind the big spike in oil prices during the quarter (and the big drop since).
Operating cash flow improved markedly in Q2 2008 to $671M, [...]
Nice to to see the stock (ACAS) up over 10% today. I looked over the press release but will reserve comment until I can dig into the 10-Q. The one item I noted for future research was the $252M writedown in the private finance portfolio, ostensibly due to lower public-company multiple comps and [...]
Click here to view the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc.
THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET
Enlightened-American Portfolio: +9.6% YTD (including dividends)
DJIA: -14.2%
Nasdaq: -12.3%
S&P 500: -13.7%
DJ WIlshire 5000: -12.6%
Reuters 2000 (smallcap): -6.7%
Due to the commodities correction currently underway, the portfolio performance has dropped considerably from +18.4% [...]
Straight from the horse’s mouth: Cryptologic press release.
I’ve been watching CRYP for a while now (and posted my thoughts over a year ago when the stock was around $24). After the latest sell-off, the stock is at $10 and change. As these things usually go, the stock is less risky now than it was back [...]
