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The most recent ORCL Rule Maker Ranking by TMFTribe, number 6172, says "I was simply amazed by the growth in the Cash King Margin year-over-year, as Oracle has now doubled our initial requirement of 15% (as well as more than doubling the value from the year-ago quarter)."

I'm wondering if I have found an explanation for this, and what it bodes for ORCL.

Thinking maybe its time to invest in ORCL,
I just did a quick and dirty Rule Maker Ranking, using the statement for the 6 months ended Nov 2000. Everything seemed great till I got to the Cash King Margin. The Net Cash Provided by Operating Activities was negative, mostly due to a huge negative entry under Decrease in Income Taxes Payable. Reading the quarterly statement, it said that they had to pay a big tax bill for sale of some Oracle Japan stock.

So, did they find a way to pump up their cash flow statement in earlier quarters, maybe by counting the capital gains on the stock sale without counting the taxes? (my utter lack of accounting knowledge may be showing here...) If so, I worry that their Cash King Margin has become a useless statistic. Certainly my confidence in them as a potential Rule Maker investment was instantly dashed.

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