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Non-Tech : ADVO (NYSE:AD)

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To: Stormweaver who wrote ()6/29/1999 12:47:00 PM
From: Q.  Read Replies (1) of 2
 
James, do you have any thoughts on the negative shareholders equity and negative working capital?

It looks like their earnings and cashflow have been okay for the last 2 years, and I suppose you can value the stock based on that, but they must have had some bad problems somewhere down the line before that, considering how their balance sheet looks.

I thought that the NYSE required a minimum net tangible assets of $10 M to remain listed, but this stock has a negative value. I wonder if they have some kind of waiver to allow them to trade.

John
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