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Author: TMFMmbop Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 476  
Subject: Re: China Fire & Security Announces Ist Q resu Date: 5/10/2010 9:23 PM
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I still want to know where the cash is if I'm going to buy this stock at this price. According to the cash flow statement in the Q, the company burned more than $7mm in cash in the quarter as a result of a $3.3mm increase in receivables and a $7.1mm line for earnings in excess of billings.

I've been led to believe their revenue recogniton is aggressive here, which means I don't really know what to make of their better than 20% sales growth.

Tim
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