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Ceragon Networks Ltd. (CRNT) Message Board

  • hmzmz118 hmzmz118 Feb 13, 2014 12:31 AM Flag

    4$ before Opening

    Good luck with anice day

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    • Argentina and restructure reserve could kill it. Hope not but it could happen.

      • 1 Reply to cohsgrad
      • Not clear on Argentina. Would appear that they have been required to leave cash in the Country and finally bit the bullet and brought it out. $3.3 million charge. They appear to have been on the ball in terms of getting cash out before the recent devaluation. Are there still significant receivables there that will get written down in the first quarter? I'm guessing yes although they might flow through other comprehensive income.

        They should improve their disclosures on South American currency risks but it isn't like anyone else does a good job so why should they break new ground because I would like to see it?

        Africa took a big dump in the quarter. Would have been a good quarter had that held up. Went from 23% of sales in 3Q to 11% in 4th. Had things held steady they would have been profitable on a non-GAAP basis.

        Latin America. Have to worry about big reliance there. Others are saying Brazil is tough and the currency issues in Argentina and Venezuela are still there.

        Looks like most of the tax exposures are gone. Never like to see an income item like that but they were honest and took it out of non-GAAP income.

        No guidance for first quarter and they intimated that the first half was going to be kind of weak.

        Oh well. Would expect the share price to decline to close to $3 but who knows, maybe there will be some buyers out there.

 
CRNT
2.00-0.06(-2.91%)Jul 31 3:59 PMEDT

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