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Strategies & Market Trends : Value Investing

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To: Bob Rudd who wrote (12221)	3/30/2001 1:20:24 PM
From: Andrew	Read Replies (1) of 78748

crg/rdge looks better today When you say 'how it looks', I am not sure whether you refer to stock chart or balance sheet. can't/won't discuss stock chart as this is value board and discount to hard book has gotten much larger. As for balance sheet, over past two years cash has been deployed in purchase of land and contruction of theater exhibition properties in australia. Carrying/operating costs while contructing and an unprecedented decline in Aussie dollar have primarily reduced book value. Current balance sheet also has the mildly profitable 2nd largest thater chain in puerto rico written off. So today, it looks BETTER to me as I get bigger discount to book which has upside of a) nearer term cash flows from finishing build out of austrailia and new zealand; b) any value from puerto rico chain c) upside on aussie dollar vs. us dollar

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