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Author: 1newinvestor Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19  
Subject: Re: Financials Date: 5/18/1999 1:34 PM
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Cheetah,

I'm new to investing so you can take what I have to say as not being worth much, but hear is what I see looking at the financials of REMX on excites money/investing page for 1996, 1997, & 1998.

Cash has decreased all 3 years ina row, but assets are growing, property & equipment has tripled and, revenues continually are grwoing. It looks like REMX is just using it's cash to grow the business and if the finally reach an equilibrium level maybe they can start accumulating their revenue as cash.

By the way, being a temp agency I don't think cash is as critical as with another company but as you said it is always nice to have some on hand for an emergency.

Expenses are up around 47% it looks like and I am in th e process of reviewing the 97 & 98 10-K to find out if there is anything unusual about this. If someone else beats me to it, please post.

Liabilities have only increased 28% while asstes have increased 50% in that 3 year period. Cost of sales have decreased by about 4% also in that 3 year period.

Hope any of this helps.

1newinvestor

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