Value Investing Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bob Rudd who wrote (13970)	2/20/2002 10:51:56 PM
From: Don Earl	Read Replies (2) of 78656

Bob, Appreciate the article. It's rather long but well worth the time to read. For anyone who's eyes aren't already open, it should be a serious wake up call. A few years ago I held a large stock position in a company which went bankrupt. At the time I was totally astounded that a company with such an absurd amount of assets on the books would be completely worthless to shareholders. It was a spinoff IPO from another company and there was absolutely nothing in the SEC filings which would suggest the assets had no value. As a result, I became motivated to take apart the parent company's reports with a fine tooth comb. Nearly every point mentioned in the article you posted were things I discovered in the course of researching the company (along with a whole herd of tricks the article didn't touch). I like this board and enjoy the comments from everyone who participates on it. I often feel a certain amount of guilt when I fail to bite my tongue and jump bearish on someone's favorite stock after taking a look at the filings, but it's hard not to for anyone who knows where to dig up the bodies. Sometimes I sort of skim the messages looking for ideas and then pull up some profiles. On hind sight, Timba's picks are the ones I've found to have the least skeletons in the closet. I've tended to reject most of them as potential investments due to the lack of volume on a lot of them, but I'm starting to wonder if maybe those high quality, low profile companies are going to be the most likely to weather a bear market targeting accounting abuse. As I remember, free cash flow from operations was one of his key criteria and it seems to me if a company has good free flow cash, there's a lot better chance earnings are straight. Anyhow thanks for the link. It's been awhile since I've run across one worthy of a bookmark.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next