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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Joe Stocks who wrote (40609)	6/13/2002 8:33:41 PM
From: BWAC	Read Replies (1) of 53068

Well Joe, basically I can't count the ways you are wrong in the longterm. So I won't try that route. I'll try another. Will you sell me your Garden/Hardware store right now for a price equal to the depreciated book value of your equipment and property and cash in the bank? No? Well assume it was in a cyclical downturn where you weren't profitable at this precise moment? Or it was February and you had a slight loss for that month. And weren't expecting a profit again until or IF sales resumed in spring? Could I buy it now for a price equal to cash and tangible assets? I surely doubt the answer is yes. Yet the same logic isn't applied to CIEN trading at cash value? Or GLW less than the depreciated value of its Property Plant and Equip? Or AOL at far less than its individual segment value? What gives?

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