Mr. Pink's Picks: selected event-driven value investments Message Board

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

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To: Mr. Pink who started this subject	9/5/2002 11:35:57 AM
From: Pink Minion	Read Replies (3) of 18998

Could some "accountant" explain this to me? Procter & Gamble (PG), the "widows and orphans" stock for the new century, had a net tangible book value of 8 Billion in 1997: sec.gov Five years latter and 3-4 Billion a year in "profits", they have a book value of MINUS 6 million. sec.gov How can a company report profits and destroy book value at the same time? Why can't we have "Accounting for Dummies" report. You make 4 Billion your book value goes up 4 Billion. You lose, it goes down. Now, I don't know the goodwill value of Pampers and Tide is, but it can't be worth 115 Billion and a 2 percent dividend.

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