12 Comments
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Evan Rubin's avatar

Great review wolf

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honkeystonkman's avatar

Thanks for the review, Wolf. I'll also be passing on it for now. Based on most of your review, I thought 3.5 stars was generous, but the last few paragraphs explained why quite nicely.

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Wolf Of Oakville's avatar

Hard to rate them less given that serious cash flow.

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George's avatar

thanks wolf. Yuu save me allot of time and money on your reviews based on your fact filled reviews. I really like the charts and proof you provide. Keep it up

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Josh's avatar

Thanks for posting this. I think the 6.6 million spent was for Aculab as Margento was subsequent to quarter end.

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Wolf Of Oakville's avatar

Aculab was in Dec. Quarter end was Jan 31.

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Roy H's avatar

I've got some topicus. Its more expensive but I think its better quality will be a stronger long term winner.

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Simon's avatar

"When you add in a potential $16.7M timebomb of anticipated credit losses (20% of their TTM Net Income)"

Wait, but they report the receivables already net of this loss allowance of $16.7M.

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Wolf Of Oakville's avatar

Accounting for it on the balance sheet isn’t the same as accounting for it on the income statement.

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Simon's avatar

True. Okay, I thought they reflected this in the income statement when already not having it as receivables on the balance sheet.

Revenue already received in cash on the income statement, and revenue as-yet to be received in cash as receivables likewise on the income statement - but revenue neither received in cash, nor to be received and hence not reported as receivables ALSO appearing as revenue on the income statement? I don't know, but is this orthodox reporting?

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Wolf Of Oakville's avatar

It’s kind of hard to follow the bouncing ball of your question. 😂 But yes this is very common place.

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Simon's avatar

Jeez, I was unaware of that. Thanks for clarifying!

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