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Strategies & Market Trends : Value Investing

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To: isopatch who wrote (13583)1/5/2002 1:14:36 PM
From: TimbaBear  Read Replies (2) of 78702
 
isopatch

Regarding CRED....

When I looked at the data at Yahoo Profile, all indications were that this might be interesting. However, when I did a quick cash flow analysis for the last 4 reported quarters, I get a negative free cash flow if I make no adjustments to the amount of Capex investments (which, not knowing anything about the industry, I'm inclined not to adjust). If I do say that the Capex of 1.278M for the quarter ended 10/00 was too high for the average of about .65M/QTR and adjust cash flow accordingly, I still get that the company is overvalued for me at these prices.

No doubt this may be a good investment opportunity for some, and I appreciate you bringing it up for review. I'm just looking for really great values as defined by being below either NetNet or throwing off cash in excess of reasonable price for that cash flow.

Thanks again,

Timba
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