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Technology Stocks : Adaptec (ADPT)
ADPT 17.88+2.1%Jan 20 3:59 PM EST
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To: Patrick O'Connor who wrote (3644)9/12/1998 7:17:00 PM
From: Investor2  Read Replies (1) of 5944
 
RE: "If I used that method I would be inspired to short every publicly traded company in the world."

I didn't mean to imply that the value of property, plant, equipment, etc. is always on the books for more than true value. Sometimes it is on the books for far less than its true value, which would result in book value being "too low."

Cash does make valuation easy; you know exactly what you've got.

Best wishes,

I2
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