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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (32931)12/3/2008 6:11:23 PM
From: anializer  Read Replies (1) of 78666
 
When I look at the book value on yahoo, seems extremely misleading. A review of the 10Q indicates that sales are declining, and that book value is 2,399,818,000. However taking out intangible assets and goodwill I show a negative book value of over 750 mil. That coupled with a general cutback in Consumer spending is enough to keep me at bay. They have 5.500 people to pay each week, and huge growth in inventories are enough to scare me off an attempt here. That all said, its technically oversold very short term. If I owned it here, I'd use any oversold bounce to get out.

I appreciate all ideas posted.
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