Quote:
Originally Posted by Jeff D.
- There isn't a 2013 Annual Report yet, so we don't know the whole financial picture. But the article I linked above said they held $48M in cash at the end of 2013, with no credit line balance (that's good).
- I guess it's not bad to change accounting firms; maybe they got a better deal elsewhere, or they just didn't get along with the people from Ernst & Young. But the timing is worrying... right in the middle of the delisting disaster. Ernst & Young is the accounting firm for Google, Coca-Cola, AT&T, Warner Bros, etc. so I suspect that they have people who can solve difficult problems.
- Check out AVID's SEC filings - If I'm reading those correctly, AVID execs have been selling stock for the last 6 months |
Yeah that's why I said I didn't know for this accounting year (2013) but you have to understand that cash is not the only thing, you have to take into account everything the company owns also, because if needed, that can be turned into cash.