Thanks for the fundamental analysis on AMRN. I was interested =
in this=20
one in October but now I don't know. I looked at their latest =
quarterly=20
numbers avail on their website and am having trouble understanding=20
them. I really have no experience in evaluating balance=20
sheets. I see they had an Operating Profit of $493,000 from =
'discontinued=20
operations' last quarter. While their 'net profit' for the last =
quarter=20
was $3,143,000. I would interpret this as 16% associated =
with=20
the discontinued ops. If this is not the case then I need to find =
out how=20
to read these statements. Where am I going wrong? Is the =
data on=20
companies websites suspect?
Seriously, I'm not trying to start an argument; just trying to =
understand=20
balance sheets.
----- Original Message -----
Sent: Sunday, November 04, 2001 =
5:20=20
AM
Subject: Re: [CANSLIM] =
AMRN
Chris, I would be interested in why you think the =
chart=20
looks good, it scares me!
Also, why does it being an ADR cause problems on =
the=20
numbers? Am I missing something?
Latest (Sept) qtr would have been a loss without =
the non=20
recurring gain from discontinued ops. That would take it off my =
consideration=20
as a CANSLIM stock. Add to that the wild swings in both sales and =
earnings,=20
and the lack of earnings forecasts, and the lack of funds ownership, =
and the=20
lack of management ownership, and I would not be interested in the =
risks=20
without major time spent on my own due diligence and =
research.
----- Original Message -----
Sent: Sunday, November 04, =
2001 12:09=20
AM
Subject: [CANSLIM] AMRN
Thoughts =
on AMRN,=20
chart looks good, have some difficulty on the numbers since its an =
ADR.=20
Chris
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------------------------------
Date: Sun, 4 Nov 2001 14:00:32 -0500
From: "Dan Forant"