Replies to post #414 on XRS Corp. (XRSC)

[Toxic Avenger]

LOL, that's the point, depreciation and other non-cash items DON'T affect cash flow.
Positive cash flow means they ARE depositing money in the bank. $15 in there last time they reported.

That's why cash flow is more important than earnings. If you're generating cash, then having a loss based on things like depreciation is not so bad. It saves you a bunch of taxes for starters.

Of course if you have large losses, negative cash flow and no revenues, it's terrible. Luckily, Xata has none of those!

[WhisperingBomb]

And by the by, taking a $4.6 million depreciation hit, in ONE Q, is pretty harsh. Just sayin'!

That was a deliberate move by management to dodge taxes otherwise due. Since management insiders get paid first since they hold preferred, dividend paying shares, they really do not care at all about the unwashed, non-voting common stock shareholders...

gimmie was right, they are self serving! XATA seems to be <ahem> legally cooking their books to further their own self interests.

NOT the common shareholders!

JMO-

WhisperingBomb