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Strategies & Market Trends : Value Investing

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To: David who wrote (8024)8/21/1999 12:05:00 PM
From: James Clarke   of 78802
 
By coincidence, EBSC is outlined in a Barrons interview today. I don't know if you'll get it on Monday at Friday's close.

I was concerned about the chapter 11 filing too - they went bankrupt in late '95 (which was a time of a lot of carnage in the retail sector) and reemerged in 1997 under new management. I am more concerned about their expansion plans. They should be using their capital to buy back stock, not build new stores.

Net-net calculation: 358MM of current assets less 237 of total liabilities/ 16 million shares = $7.54.

Good questions you raised. Thanks.

JJC
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