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: Paul Senior who wrote (14076)	3/4/2002 4:20:53 PM
From: Bob Rudd	Read Replies (1) of 78525

Paul: It's contrary to my nature to chase CMH or anything else...so I'll just ride along as others do. I added at 10.05 on 9/21..higher than my initial but still a steal. The industry isn't out of the woods, so there may be other chances. FLE: The diluted share count has jumped 50% according to the recent PR. Perhaps related to an exchange of convertible preferreds. They showed 13.7mm related to lease expenses in the most recent K sec.gov but no details on those leases. Could represent 100-150mm [13.7/10%=137mm] debt like stuff not on balance sheet. There's mention of "capital trusts" related to convertible preferred. I don't know what that's about, but am concerned about some kind of off balance sheet stuff going on. That FLE is revisiting lows while some pretty junky stuff is recovering nicely, makes me worry that either liquidity or dilution concerns are whacking it. One key difference between CMH and FLE is FLE's RV biz. They're a big player in it. Although structurally similar and thus sharing supply chains and methods, the RV market targets a very different demographic than MH. CMH is strictly MH. Here's a list of MH/RV related stocks compared to FLE: quote.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next