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American Shared Hospital Services Message Board

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  • mmmparsley mmmparsley Jun 17, 2010 10:53 AM Flag

    Picked up 8000 shares today...

    Although the last quarter would have reflected the loss of Home Depot as a customer; am I correct? I know the announcement was made in December, but I imagine orders would have slowed considerably before the announcement. They were also impressively operating cash flow positive last quarter because of a large reduction in receivables.

    UUU has trimmed their inventories, which I think bodes well for the next few quarters. Inventory was likely trimmed because of losing Home Depot in-store sales, but it appears that the reduction in orders from the China HKJV caused UUU to sharply cut purchases from China while relying on it's current inventory to supply other vendors, thus drawing it dawn by a 1.25 million value.

    Inventory can't keep declining at that rate, and UUU still appears to be selling alarms to a variety of construction companies, so I would imagine orders from China would pick up. I believe this because I think it's possible to read the tea leaves and conclude that inventories were drawn down because they already prepared for the loss of Home Depot as a customer.


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