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Non-Tech : Play-by-Play Toys and Novelties (pbyp) -- Ignore unavailable to you. Want to Upgrade?

To: Land Shark who wrote (103)	9/11/1999 2:06:00 PM
From: johnlag	Respond to of 132

<<Nonsense, some $72M of their reported assets is inventory - worthless garbage they can't sell. I don't know what it's true value is, but, I'd suspect about 1-5% of what they report, making a true B.V. of around $1.20 to $1.70.>> Excellent point. What is the company's total debt? Something to the tune greater than $30 million. I think when the bank tries to sell the 250+ (correct me if wrong) days worth of inventory they'll be receiving .10 - .20 on the dollar for it. What a great company to be short! Have a great weekend!