SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Robert Hoefer who wrote (9479)1/2/2000 12:55:00 AM
From: James Clarke  Read Replies (2) of 78667
 
Yep. I'd add a few bucks a share to the net-net valuation of Blair to reflect real estate that they own free and clear. And to kind of address Jeff's concerns, which are on the mark, yes they sell cheapo stuff and probably make a lot of their income through ripoff customer financing schemes.

In that way it looks a lot like Fingerhut did two or three years ago at about $13 a share I believe. Same exact business, same reputation. Fingerhut at the time owned shares in another company that were worth more than its market cap. I looked at that one very carefully, then never took the bat off my shoulder because the business looked yucky. That was the bottom, and I think the stock tripled.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News