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Stocks S / Sotheby's Holdings, Inc.


Subject:  receivables a reason not to buy? Date:  10/14/2008  9:46 AM
Author:  valu3buff Number:  100 of 102

With Sotheby's getting pounded and having shown good results in Q2 and in its recent auctions, I'd like to jump in. However, I may wait until after the Q3 results, since Sotheby's says Q1 and Q3 are their slowest quarters and I assume this Q3 will be no different.

According to the 2nd quarter's 10Q, the contractual obligations due in less than a year are $180m and the total over 3 years is $290m. Given that they have $375m in cash, I would think that they will not have any problem meeting their financing o