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

To: Michael Burry who wrote (9459)	12/30/1999 6:42:00 AM
From: Wallace Rivers	Respond to of 78670

EBSC looks interesting. A few questions. The balance sheet shows a lot of current assets in merchandise inventory. How "current" are those assets, and how can we be assured that they will not be marked down? The next question is probably pretty stupid, but I'll ask it anyway. Stockholders equity consists almost entirely of the common stock ($200 mil. plus) line item. In most other balance sheets I've looked at, "common stock" is an insignificant amount, it's valued at something like 10 cents par value, thus not amounting to much. The balance of SE in a lot of cases is retained earnings, etc., etc. Anyone?