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Technology Stocks : Electronics Boutique (ELBO)
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To: Mad2 who wrote (283)3/20/1999 11:26:00 PM
From: Night Writer  Read Replies (1) of 779
 
Mad2,
It appears that ELBO passes the Altman Bankruptcy predictor with flying colors. The final score is way above 3.

Also poked around the thread and saw the failure of TWA to pass the test. Some detail evaluation took place on TWA debt. I was very impressed. I was considering a small investment in TWA. Think I will wait and see if they get out of the woods a little bit first.

Thanks for the post. Calculation is posted here for all to see.
NW
Altman bankruptcy Predictor (Z)
Z=(1.2*X1)+(1.4*X2)+(3.3*X3)+(.6*X4)+(1.0*X5)

Working Capital/Total Assets X1 -0.02
Retained Earnings/Total Assets X2 0.10
EBIT/Total Assets X3 0.19
Market Value Equity/Book Value Liabilities X4 2.40
Total Sales/Total Assets X5 3.31
Z=1.2(-.02)+1.4(.2)+3.3(.19)+.6(2.4)+1.0(3.31)
Z= 5.498607671
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