Go to www.alexaholic.com and plug in all the sites that SOLD owns.
I'll give you a sneak preview: traffic is declining at every single one of their sites.
Their COO just left, the housing market is melting down, year-over-year quarterly revenue is down, and Zillow is eating their lunch.
I just thank my lucky stars I found this short before it hit $5 so E*Trade would still let me short it...
fair enough... if you want to look at it that way.
instead of 5-6 qtrs they have 7-8 qtrs left of "cash".
you go ahead and spin it anyway you want. if it's not cash we don't know what it is exactly and there is nothing to say short-term investments can't go down in value... nor do we know what the costs are to liquidate those investments.
short term investments aren't going to pay the rent until it's turned into cash.
Short-term investments are the same as cash.
"Cash equivalents and short-term investments consist of money market funds and highly liquid, short-term, adjustable-rate insured municipal notes."
Look at the 10K, they always talk about cash, cash equivalents and short-term investments as a group (as does every other company).
I realize you're a realty agent but I assume you have some business and finance knowledge. There must be more to it than mailing out junk-mail and putting up signs.
Where did you get that from? They didn't even try to restate the results to show the impact of the losses. Some companies go to great lengths to try to convince you that a loss was not really a loss. The only unusual (but GAAP) item in the 4th quarter was the intangible impairment. Can you back up your statement?