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Invacare Corporation Message Board

  • jmoroney98 jmoroney98 Mar 22, 2000 5:14 PM Flag


    I have been following Invacare's inventory for a
    while now. Per Value Line,
    1997 inventory (LIFO)
    1998 inventory 81.7
    3 quarters in 1999

    Receivables are also increasing:
    1997 114.4
    3 quarters in 1999 250.1

    Are any of you
    concerned about these numbers? Please comment and share
    your insight.

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    • I think that no one has replied to your message because anyone who is still around here is in the same boat as you and has no idea either.

    • have held for yrs any ideas?

    • While inventories are higher ($114.7 million), I
      don't think it is a major cause of concern. Sales for
      the first nine months of 1999 were $621 million
      versus $587 million a year earlier. So some of this
      inventory buildup is from higher sales.

      factor in the inventory growth could be the acquision of
      Scandinavian Mobility A/S in Denmark. The June 30, 1999
      inventories at Invacare were only $87.722 million, not much
      higher than the December 31, 1998 figure of $81.7
      million. Thus, most of the growth took place in the
      quarter when they did the acquisition. (The acquisition
      was July 31, 1999).

      Receivables are up
      somewhat substantially: $250 million. Again, this might be
      due in part to the acquisition. I looked through the
      filings of Invacare at the SEC, and they didn't include
      financial statements of Scandinavian Mobility, so I can't
      make this determination definitely. But it seems like
      a good guess.

      Anyway, the stock of the
      company seems to be doing a little better these days.

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