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Strategies & Market Trends : Value Investing

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To: Broken_Clock who wrote (23174)	1/20/2006 3:47:14 PM
From: bruwin	Read Replies (1) of 78633

Well, as I said in my post, all I could see on its latest Balance Sheet for Quarter ending Sep. 2005, was a Long Term Debt of $128.4mil., giving it a Debt/Equity of 51%. I also said that I didn't know whether or not that was all interest bearing. I suspect maybe it isn't, because the Interest Expense per Quarter seems to be relatively low, compared to the $23.7mil. the debt cost for $171.6mil. over a 12 month period. There is $193mil. in Cash and Equivalents on their Balance Sheet. I wonder why they then sit with $128mil. of debt which is costing them money, when they don't appear to be earning anything with that cash, based on the fact that "Interest Income" on any of their Income Statements shows zero ? Anyway, it's certainly a good thing if ALJ's management are going to repay debt because it certainly has cost them enough in the past !

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