Halliburton Questions on Marketable Securities

Halliburton (HAL) announced similar earnings and revenues when compared to previous quarters. The market likes it and pops the stock about 3.5% by midday. Of course it could be all about the price of oil.

But check out this fundamental tidbit. Receivables are 86% of revenues as at quarter end. Seems like a very basic biz school issue but the turn rate seems very slow. Halliburton works for the big boys who can all pay. They just took on a big hunk of long term debt. The slow receivable just drag.

They also have acquired $1.5 billion of marketable securities. No information was provided in the press release as to what has been invested in. If an investor wants to buy a financial institution he is not looking at Halliburton. So why not explain where you have parked the cash.