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Strategies & Market Trends : Value Investing

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To: anializer who wrote (37315)	4/9/2010 10:27:02 AM
From: Spekulatius	Read Replies (1) of 78742

re FREE - have they filed 20-F form for Y2009. if so, i have missed it. I only see a form about the press release regarding Y2009 earnings but no 20-F. My point is that the press release of Y2008 FY earnings omitted some essential information, the 20-F for Y2009 may reveal more unpleasant information as well. FREE essentially operates with a 1:1 debt/equity - so if the book is overstated by 20%, the equity book value falls by 40%.

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