Madera Int. (WOOD) Message Board

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Microcap & Penny Stocks : Madera Int. (WOOD)

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To: John T. Hardee who wrote (3615)	3/2/1999 7:51:00 PM
From: David T. Groves	Read Replies (1) of 3693

Good looking report overall, the numbers are correct, and the few minor carry overs that are questionable are just slightly irritating. The link for the report is quote.com The company seems to be keeping profitable, which is nice until the land sale. Reminds me of VLSI. It went down to $6 a share and everyone on the thread said how ridiculous when the book value was $17. It struggled back to $10, then last week got it's buyout offer for $17. Obvious in hind sight, but sometimes plant and equipment and technology get obsolete and aren't worth anything anymore. That doesn't happen with land. It will be obvious. Go to the quote.com chart for WOOD and see what the ask and bid was up to after hours. quote.com I think we are on the way again. Dave

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