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oldblue

05/17/01 12:31 PM

#1782 RE: Georgia Bard #1781

Gary: Bixmann's post #1762 was used to pump three other stocks thereby making it off topic and should be deleted. Regards,
OB

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Bixmann

05/17/01 1:55 PM

#1784 RE: Georgia Bard #1781

EARNINGS ARE UP

That is good. Its a step forward.

I have not completed the Liability and Profit run rate because I find it inappropriate to use last years performance to "gauge" the future of this company. CBQI is not "digging in." It continues to change year to year. Good or Bad, the change, makes the APRR,ARRR, ALRR analysis useless. Furthermore, the analysis your asking about would require much more detailed disclosure by CBQI (i.e. better description of revenues and liabilities). Just like you deduct depreciation from liabilities, you need to deduct revs from annual run rate when an anual contract is terminated or lost.

There are two honest ways to gauge this company(Revenue and CashFlow). CashFlow Analysis is best guage for CBQI. Revenue tells a story as well. One question I have not seen asked: What percentage of the decline in revenue was from the "core" business? Sure, I'd like to assume it was all from discontinued operations. But we don't know that. Did the company loose a pecentage of its "core" business? Did the "core" business stay the same or grow?