RE: 1st Quarter 2017 Net Worth Update! [+$16,671]
@getonthetrain
Hey buddy,
I have chatted to you before over this hope your doing well over in the US :)
over here in Ireland the weather is great at the moment believe it or not :)
I got some great info of you regarding some stocks before on this and didn't know how to send you this as a direct email through steam . am hoping to get some help on ticker LYCOS.NS , I can't understand the balance sheet maybe you can shed some light hopefully..
link to yahoo finance below
https://finance.yahoo.com/quote/LYCOS.NS/balance-sheet?p=LYCOS.NS
Question is how can total assets be 23967 as stated on yahoo
if total current assets is only14706+long term investments of 1085 +goodwill 1569=17360
Even still with the net income & if asset figure is correct looks oversold maybe your thoughts
Much appreciated
Kind rgds
g
Yes, the numbers on Yahoo don't seem to add up. From what I read it is that the company is submitting unaudited earnings reports.
Seems like they have been doing well in the past but are transitioning into the "Internet of things" and investors don't seem to believe that they can do it. That appears to be why they are priced near lows .
Still, I agree with you that they appear to be oversold. Their normal business seems to be doing well enough that they should be priced higher. Could be a nice find.