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Whether you're walking a tightrope or scribbling in your checkbook, balance is a good thing. And, one of the best ways to evaluate a company is to glance at its balance sheet to see what it owns with what it owes.
The balance sheet is a paragon of simplicity and is made up of three components: assets (the stuff it owns), liabilities (the money it owes), and shareholders' equity (the company's value to its shareholders).
Assets take two forms: short-term (or current) assets and long-term assets. Under short-term, there¿s good ol' hard cash. Then, there¿s something called "cash equivalents," which are assets like short-term bonds that can be sold so quickly, they might as well be cash. There you factor in inventory, which (if you're a reasonably competent business owner) you can sell to customers in return for--you guessed it--cash. (The raw materials a company owns to make that inventory also falls under this category.)
Long-term assets are things that are harder to convert into cash. (Think real estate and equipment.) Long-term assets depreciate, meaning they lose some value over time. Also under the long-term category are what's called intangible assets: things like patents and brands, that are important, but hard to quantify. Accountants earn their stripes figuring out the real overall value of these assets.
Once you know your assets, it's time for liabilities. As with assets, liabilities are separated into short-term or current, and long-term. Current liabilities are what a company owes in that year: Things like payments to employees or accounts payable to suppliers. Long-term liabilities are debts paid over several years.
Shareholders' equity is determined by subtracting the liabilities from the assets. That number represents the value of the company after all its bills are paid.
Obviously, investors should pay close attention to balance sheets. Spikes in the amount of debt carried, or a reduction in shareholders' equity, are usually red flags.
Home / Markets / Industries / Technology
Tuesday, July 22, 2008
Next Inning Technology Previews Earnings for VMWare, Anadigics, Broadcom, and Zhone Technologies
Comtex
PRINCETON, N.J., July 22, 2008 /PRNewswire via COMTEX/ ----Next Inning Technology Research (http://www.nextinning.com), a subscription service focused on semiconductor and technology stocks, announced it has updated outlooks for VMWare (NYSE: VMW), Anadigics (Nasdaq: ANAD), Broadcom (Nasdaq: BRCM) and Zhone Technologies (Nasdaq: ZHNE).
In a series of reports released in March, Editor Paul McWilliams advised readers it was time to buy specific tech stocks. His selections went up considerably with one very near doubling. However, in May and early June, he warned readers it was time to take some profits and prepare for the summer swoon he saw coming. Now that tech stocks have taken a significant hit, is it time to start buying again? Click to read his updated thoughts and enjoy a 21-day free trial of Next Inning:
https://www.nextinning.com/subscribe/index.php?refer=prn693
In his earnings preview, McWilliams wrote: "While some observers may be critical of EMC CEO and VMWare Chairman Joe Tucci's recent oversight of EMC spin-off, VMWare, which recently announced a CEO change in conjunction with lowered guidance, my thinking is the change was made in a timely fashion versus what we see at many other companies where changes are delayed until problems fester. Basically, what we saw was a seasoned business manager replacing the entrepreneurial CEO. This happens..."
McWilliams also looks at these topics:
-- Might VMWare investors be better off considering majority owner EMC instead? What is McWilliams' take on VMWare's options re-pricing plan?
-- Is Wall Street unfairly skeptical of Anadigics? Is the stock now trading at an attractive valuation?
-- What challenges are facing Broadcom right now? Are the challenges reflected in Broadcom's stock price?
-- Does McWilliams see a bargain buying opportunity in Zhone?
Founded in September 2002, Next Inning's model portfolio has returned 227% since its inception versus 76% for the Nasdaq.
About Next Inning:
Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+-year industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcie Martin Next Inning Technology Research, +1-888-278-5515
SOURCE Indie Research Advisors, LLC
http://www.nextinning.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Friday, 07-18-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-20-2008 for ANAD @ $10.87. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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