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Strategies & Market Trends : Value Investing

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To: gizwick who wrote (55117)	3/30/2015 1:19:09 PM
From: Lazarus	1 Recommendation Recommended By geoffrey Wren Read Replies (1) of 78673

lol... "EXHAUSTING RESEARCH" ... like the research you did that made MBNC out to be "roach motel that had "no actual earnings"??? lmao. DOOD, let me ask you... do you read the farking balance sheets and income statements? Most of the guys on this thread are smarter than me when it comes to evaluating company balance sheets and income statements but I will throw out a few comments. I recall reading in one of Berkshire Hathaway's annual statements back in the 80's in which WB talked about book values. I think it might have been the textile company that flopped on him ... he talked about how stated book value could be one thing but actual book value quite another. In his experience he found the old equipment that was valued in the millions - worthless. HOTR values its GOODWILL at over 18 million dollars. If you back out the goodwill and some other questionable assets on their last Q they would have a book value of ZERO. otcmarkets.com Add to that - that on average they manage to lose about a million bucks per quarter and all you have is a shitty company that had to raise money to stay afloat another year or two.... HAIL MARY DOOD!

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