Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

I understand the point on working capital practices and it is that to which I was referring when I said the ratios were not absolutes, but guidelines. Still, they remain consistently held guidelines by all in the field of finance and they are also included in every strategy text I own (and I own about every notable one). When do bankers become part of the discussion as to firm financial performance? Only if you want to borrow capital and that was not the point of my post. In fact, it is my expectation that the Epic deal and increasing revenues should make the picture better and skirt the need for adding debt.

IMHO, the link you offer does not capture the essence of my post. Here is a link to a McKinsey article that I believe is more informative.

http://www.mckinsey.com/insights/strategy/creating_more_value_with_corporate_strategy_mckinsey_global_survey_results

(I almost forget to mention that I have familiarity with the HBR submission and acceptance process and there is a distinct difference. It is mostly academics selling ideas that have little financial value and less practical value. McKinsey is a consulting firm that sells ideas for a living that must have practical value or they would be unviable. And, as the most notable consulting firm on the face of the planet, McKinsey is most clearly viable.)