YEEHAW CANDIDATES Message Board

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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Crossy who wrote (895)	1/6/2003 4:43:20 PM
From: Sergio H	Read Replies (1) of 23958

Crossy, congratulations on another fine play...ALU. Regarding SOSA, I think you will like what you find. The assets are far greater than the liabilities. Its selling at discount to book and real cheap relative to sales. Besides hiring a new COO, major changes were implemented over the summer and early in the last quarter that are likely to show up as improvements in the next 10q. In August SOSA sold Big Inch about $18 million. Then in Sept., they exchanged $40 million of debt owed by the Company to Stolt-Nielsen, their majority owner, for 9.4 million Common shares at an exchange price of $4.25 per share. There are few shares available as the majority are owned by insiders. It is likely that SOSA will show a profit next q. Everyone likes a profitable co. that is selling below book. Thanks alot for the discussion on book value. I dusted off my accounting books and got the answers to my questions. It's good to get re-educated or in this case educated as it had never occured to me to calculate book value based on info from a 10k or 10q. Suprisingly simple.

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