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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (7730)7/13/1999 4:11:00 PM
From: Wallace Rivers  Read Replies (1) of 78464
 
MAXS - I like it, but don't know too much about their remaining shoe lines - Mootsies-Tootsies, Sam & Libby's. It does concern me that sales of M-T went down pretty significantly last Q. 13-1 Current ratio, 0 debt, profitable, trading below BV.
I did this simplistic calculation, figuring that Jones NY made up 27% of sales in the first six months:
100/27*25 million (Jones NY sale price used as benchmark for other product lines) + 25 million(cash from Jones NY sale) + 24 million cash currently = 141.6 mil/9.4 mil. diluted shares out. = $15.06/share.
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