Payless Cashways- In Chapter 11 (PYLSQ-OTCBB) Message Board

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Microcap & Penny Stocks : Payless Cashways- In Chapter 11 (PYLSQ-OTCBB)

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To: NHP who wrote (18)	11/20/1997 1:48:00 AM
From: NHP	Read Replies (1) of 41

There are now 20 articles by JENNIFER MANN FULLER, Staff Writer for the Kansas City Star, concerning Payless Cashways. The latest is dated 11/18/97. kcstar.com Place "payless cashways" (WITH the quotes) in the top search box and highlight Library '97. Then click on SEARCH. Has anyone on this thread studied the PAYLESS balance sheet? What is the (Book value)/(Current Price) ratio? Just a few months ago Hechinger, another company in the home building supply business, had a book value of $7 to $8 per share and was being traded at $1/share; ie. the book value of the stock was 7 to 8 times the price of the the stock. Because losses were accelerating and the future did not look too promising, the stockholders voted to sell Hechinger to an investment company for 2 3/8. Nice profit for anyone who got in at $1/share! Could Payless be in a similar situation? NHP

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