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iSoftStone Holdings Limited Message Board

  • bestidea1000 bestidea1000 Nov 17, 2012 2:48 AM Flag

    Feel sorry for ISS investors ....

    ISS claimed its revenue had increased, its profit had increased for the past quarter. Its management painted a rosy picture about the company's future.

    Take look at ISS' balance sheet:
    1. The cash that the company has has been decreasing;
    2. Its accounts receivable has been increasing (companies often hide bad news by increasing accounts receivable)
    3. Its current liability has been increasing (the current liability is larger than the cash holding that the company has);
    4. Its operational cost has been increased a lot;
    5. Its head count has been increasing (more cost).

    Is ISS really in good shape? Does the management try to fool investors?