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Cypress Semiconductor Corporation Message Board

  • breakinneed breakinneed Nov 4, 2009 9:08 AM Flag

    Please explain retained deficit, delisting, etc.

    what happened to this company from last year to this year? the balance sheet, income statement and cash flows are absolutely horrendous. Huge retained deficit. It almost looks like a shell company that sold off its business.I can't see what Cramer is seeing at all.

    Can someone explain what happened in a year to make this company's balance sheet cut down so dramatically?

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    • They sold off their Solar Power holding. The reason Cramer is high on them, new products are on fire, intro of new products this month bolds well for future, no debt. 240m in the til, bought back 15% of their stock last year. Beat the street estimates last 3 qtrs.
      Dial into their conference calls

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