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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: alan who wrote (16318)2/22/2002 3:00:08 AM
From: Mad2  Read Replies (2) of 18998
 
Re: MINI is scary
Used 80 mil in capital in past 12 months (60 in equity and 20 in debit.
Property and plant went up by 65 mil
Other assets (goodwill?????) by 10mil
recievables up by 3.0 & Inventory (????) by 5.omil.
the only "liquid" component of it all is the 3.0mil in recievables
The killer is they depreciate out around 8.0mil/year, this is on a asset base of "around" 250 mil.
Since when is the usefull life of a conatiner box (or mobile home) 30 years. Hard realestate with land under it and a tennent can be depreciated over 30-40 years, but now were talking REITS and they payout on average 8% year
mad2
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