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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (30568)	4/8/2008 3:58:32 AM
From: Area51	Read Replies (1) of 78671

NRF is selling at 1.5 times last quarters book value, but is still selling at a discount to next quarters book value. From the latest earnings release. biz.yahoo.com <<At December 31, 2007, diluted book value per common share was $5.70, and undepreciated diluted book value per common share, pro forma for a preliminary estimate of adopting SFAS 159, which NorthStar will adopt in its first quarter 2008 financial statements, was $11.00. This estimate is based upon fair values as of January 1, 2008 and will more properly reflect the economic value of NorthStar's assets and liabilities. Prior to the adoption of SFAS 159, NorthStar marked its securities assets to market but was unable to also mark its liabilities to market.>> Are there other opportuntities like this where stated book value may provide a good chance to steal some cheap shares? Wall street: you gotta love their ingenuity <g>. Best Regards, A51

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