No. of Recommendations: 0
GeoffChase in #5097:
"You forgot to account for the split last year which is why the shares outstanding doubled."
You're right. Silly me, I was just blindly plugging in the numbers! It's good to have a community of eyeballs to scrutinize my results to see if their legit.
I suspect that if you use ORTL (which TMF will in next week's rulemaker article) instead of NT (as I have), you may wind up with a smaller number for JDSU, since ORTL has less debt, and more (net) cash than NT.
Another factor which will affect JDSU's RM Ranking is looking at how to account for the merger w/ OCLI.
Here are OCLI's numbers:
Income Statement . . .
Sales 89.86
Cost of Goods Sold 63.19
Net Income 6.95
Shares Outstanding 15.32
Balance Sheet . . .
Cash & Equivalents 120.02
Current Assets 190.32
Short-term Debt 4.79
Current Liabilities 36.19
Long-term Debt 54.94
Margins & Ratios . . .
Gross Margins 29.7%
Net Margins 7.7%
Cash-to-Debt 2.01
Net Cash 60.3
Fool Flow Ratio 2.24
Should these numbers be simply added to JDSU's equivalent entries, or is there more to it than that?
Thx.
Cheers,
Albert