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Strategies & Market Trends : Value Investing

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To: Bob Rudd who wrote (15327)8/26/2002 12:03:43 PM
From: Brinks  Read Replies (2) of 78671
 
As a CPA a qualified opinion such as Dixon's does not mean 'Stick a fork in it, it's done.' Far from it. In the case of Dixon the qualified opinion was issued because of the contingency pertaining to the subordinated debt renegotiation. Nothing more nothing less. I already explained this was due to senior debt putting a squeeze on the subordinated debt holders. Qualified opinions are issued all the time for numerous contingencies.

It is worthwhile to study the 13D filing of Benjamin Graham's student Walter Schloss on NIAG. Note the leverage.
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