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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (20435)1/9/2005 5:51:19 PM
From: Carl Worth  Read Replies (2) of 78744
 
it appears COSN lost 14M in the last reported quarter (ended 9/30), so it is unlikely that they have anywhere near 28M in tangible assets left at this point

quite frankly, i think COSN shareholders are lucky to get a buyout at this point, as it appears this one was spiralling into the ground

COSN has over 500M of accumulated losses, i think that about says it all <G> if anything the company might be worth more in a buyout due to the TLCF, but the new rules on same make them much harder to use by an acquirer
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