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Strategies & Market Trends : Value Investing

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To: Stavisky who wrote (50557)	1/10/2013 7:28:42 PM
From: smaycs4	Read Replies (1) of 78616

Dang, I hate signing up for trial memberships. And havent done so for the STRZ info. If anyone wants to cut & paste from either site, I would appreciate it. Lets go with next years EBITDA which is projected to be 3.7 million. (This years is $3.5) 5.5x3.7 million=$20.35 million. But, dont you have to subtract debt ? How much is their debt exactly ? There are 3.21 million shares outstanding. So a price of $5+ could only be justified if they had no debt. And they have many years worth of debt. Exactly how much of their debt do you subtract ? And then I guess you add back the present value of future asset sales but still. I understand that prospective buyers (of the stock) have been looking for blocks that might be for sale and have not been able to find any. Which suggests there is some pent up demand. Im sure they are price sensitive though so its not like they are going to chase it to $5. My plan is to hold for higher prices. I do not expect they will go private or be bought out anytime in the next few years. A poster on yahoo said he thinks that ARKR, CASA or MHGU might be better investments. My only rebuttal is that none of his 3 have what STRZ has going for them.... 1. Insider ownership of over 60% 2. Public earnings projections for the next 6+ years 3. A Q that is about to come off their symbol 4. A press release announcing the Q is coming off and/or the plan is deemed effective. (Within the next week or so) Think about it. How many public companies have PUBLIC earnings & cash flow projections for the next 7-8 years ? All you can really blame mgmt for is an opportunistic acquisition just months before the recession started. One that was expected to be very favorable to the company. So, they didnt see the recession coming. Like most of us.

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