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

To: rjm2 who wrote (12081)	2/20/2001 1:11:49 AM
From: rjm2	Read Replies (1) \| Respond to of 78516

FTEC is trading at 3.82 X ttm diluted EPS and just over half of book value and 62% of net current assets. A lot of A/R but 10k says many projects require a certificate of occupancy and even if the project is seized, they require the cooperation of ftec to get the c of o, so often they get paid when others can't.

To: rjm2 who wrote (12081)	2/20/2001 3:07:56 AM
From: Don Earl	Read Replies (1) \| Respond to of 78516

<<<I dont think many Buffet stocks are real value stocks but you dont see me telling him his stocks are going chapter 11 in 3 months.>>> For starters, you won't see me touting companies with $50 million in debt due in three months in a tight bond market. The PE looks good until you start reading the filings and find out that every quarter is cash flow negative. Perhaps you really don't know what I'm talking about, but a company that goes farther into debt while reporting positive earnings is still burning more cash than they are taking in regardless of how much they cook the books. <<<Excuse me, but WHO appointed this guy sole judge of what is and isnt a value stock ?>>> You seem to have a real problem with opinions different than your own. I used to trade American Eco in the same sector. I felt really bad when it became obvious they were going under because the stock was good for 50% gains every month or so. The balance sheet on CLHB looks just as bad as it did on ECGO. High balances on AR with AR highly leveraged, tons of debt, and questionable assets. Try taking a couple deep breaths and tell us what you think will happen if the company is unable to obtain additional financing when the notes come due? This isn't a personal attack and I'm not trying to offend you. Just a quick reality check.