Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: tahoe_bound who wrote (15083)	7/2/2002 6:18:50 PM
From: Art Bechhoefer	Read Replies (1) of 36161

>>the old pro-forma way<< That's not the old way. It's the more recent way. If you go back to the old way, it's defining book value as assets minus liabilities, divided by total shares. I'm looking at balance sheets for old line companies like GLW, selling below its book value AFTER writing down assets it acquired at prices that were too high. My point is that, while it may take some time for recovery in the tech sector, there are some companies out there with very conservative books, selling at remarkably low prices. If I'm value oriented (which I am), why would a high priced gold mining company be a better deal? Art

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