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Strategies & Market Trends : Value Investing
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To: TimbaBear who wrote (24946)10/10/2006 10:22:35 AM
From: MCsweet  Read Replies (1) of 78659
 
Timbabear,

I listened to the call. I actually believe I mentioned the call and the stock on this board before you did.

If you look at the balance sheet there is a huge minority interest. This minority interest is $37 million and has claims on a little less than half of that cash. This is because MHJ owns a little more than half of an entity MSIL that actually holds the cash.

Some of the callers didn't understand this, so please don't refer to the call --- take a look at the financials and get back to me.

MC
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