Thanks, rhess, steve168, Wallace Rivers, Dave.
Rhess, I see those figures now at their site. Drives away what attracted me to the stock.
Something must not be right with Yahoo numbers, or something has dramatically changed financially at the company in the past couple of months.
biz.yahoo.com
This shows net current assets would be:
current assets: $595.7M
less total liabilities: 411.3M
= $184.4M
divided by Yahoo's 26.5M shares = $6.96/sh
Or even using TWMC's site's number of 38.9M shares (big diff. from Yahoo!)= $4.74
2/3 of $4.74 = $3.13. That'd be the top Ben Graham net-net price to buy TWMC at --- which the stock did trade at today. (note: There are those who would say the the company must be profitable to qualify and this company is not now profitable, thus does not qualify as a Graham net-net.)
I don't see the attraction of TWMC without the good financial numbers. OTOH, I missed Hollywood Entertainment when the numbers looked okay there (offered some safety). Although with HLWY, it was part of a downtrodden sector that garnered good profits when the rental business quickly transitioned from VCR tapes to CDs. I don't see what's going to be helping TWMC business at this point. Indeed, the shorts apparently believe the business model won't work going forward.
Thanks for the assist, guys. I'll pass on TWMC unless
some additional and positive info comes forward to evaluate. |
