'Total assets' is listed as 16.45mm, which includes 1.1mm in cash and 5.59mm in long term investments. So yes, I suppose if they are counting Alibaba / YJ stock in long term investments (which makes sense), then it is being double counted.
"It's only tech/startups journalists right now." Right, but it would be very helpful to see what each journalist specializes in. For instance, you have 14 contacts for Business Insider...which one is most relevant for us?
They're fine financially. >$300M Cash, $70M of debt (most of which are capital leases). They say they've been approached by "multiple parties" so it's just a matter of trying to get the best offer. http://www.sec.gov/Archives/edgar/data/1107694/0001107694140...
Ok, so assume I am an idiot on this (not far wrong). Why is their stock price not high? Just because they are not satisfying shareholders / wall street analysts?
Are the slowly losing customers or see somethign in the future that will cause trouble?
(s/b 10M / 100M = 10%). He is interchanging the terms and he should have written things differently to avoid confusion. It s/b "yield = annual earnings/purchase price", not "interest rates = annual earnings/purchase price". (He does correct himself later in the paragraph.)
This jump is a result of the Fed getting authorization from congress to pay interest on said reserves. By controlling this rate, the Fed can effectively control how much excess reserves they have, thus having a large impact on the rate of inflation. Having said that, it is a massive and unprecedented amount of excess reserves. If something goes terribly wrong in their exit strategy (and/or the velocity of money picks up unexpectedly) then the worry would be high inflation, not deflation.
EDIT: I believe you meant if inflation kicked in then the flood of free money would discontinue. That would be accurate as interest rates would rise and QE would most certainly be off the table. Deflation fears is what set QE into high-gear in the first place ;)
