arealchinese
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- 2003-07-16
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I2 is trading on pinksheet these days due to re-audit. SEC is also investigating the company. Sales dropped and the re-audit has been a major reason. All in all, I2 didn't miss any single bad news. However, from contrarian's view, this is probably the best time to buy the stock provided that you can afford to lose.
I2 had $355M cash in hand for the Q ended June 30, 2003. Cash burning rate is roughly in the order of $20M. Assuming the business is resumed to normal 2 Qs after the re-audit, we expect it to reach cash flow breakeven next year.
Any comments or studies on I2 are welcome (professionally please)
I2 had $355M cash in hand for the Q ended June 30, 2003. Cash burning rate is roughly in the order of $20M. Assuming the business is resumed to normal 2 Qs after the re-audit, we expect it to reach cash flow breakeven next year.
Any comments or studies on I2 are welcome (professionally please)
