Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Douglas V. Fant who wrote (81028)	12/8/2000 3:43:59 AM
From: PhantomGremlin	Read Replies (1) of 95453

(OT) Douglas, "book value" is tricky. At least to me. For example, Yahoo lists WCOM as selling at 0.77 of book value. However, drilling down a few screens shows WCOM selling at 5.35 times "tangible book". I haven't read SEC filings on WCOM. But I suspect the difference between these to be a consequence of goodwill that WCOM must write off from mergers and/or acquisitions. So in this case, which is the more realistic "book value"? Similar situation probably applies to many oil stocks. Plus many E&Ps had to take writedowns during low oil prices. But I don't think they are allowed to "write up" those assets now. Seems difficult to get an accurate assessment of what a company is actually worth.

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