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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (8678)	10/19/1999 1:05:00 AM
From: peter michaelson	Read Replies (1) \| Respond to of 78653

Yes, jeffrey, I noticed all that in the 10-K. Extremely low tax basis, although reflected in the deferred taxes, resulting in a Price to Book Ratio of 50%. I ignore any residual value of their industrial plant and business, as well, dangerously, as the Superfund potential liability. (Although this sounds like it won't exceed $5 million) The catalyst, if any, may be the age of the major shareholder, now in his mid-70's. It's not one to rise up quickly, but I did take a little nibble today. Quite the balance sheet!! I don't think I've seen one like it in a public company before. peter