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Strategies & Market Trends : Shorting stocks: The root thread -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (10)	6/7/1997 3:59:00 PM
From: George McMeen	Respond to of 41

only 1 million in NTA if no losses > Both NYSE and NASDAQ National Market require that listed companies maintain their net tangible assets above a certain threshold. For Nasdaq it is $4 M, from Nasdaq site nasdaq.com footnote: Issuers are required to maintain $1 milion in NTA or $2 million if the Issuer has had losses in 2 of the most recent 3 years or $4 million if losses in 3 of the most recent 4 years. it is unclear what is meant by "losses" I assume it means an loss for the year instead of a loss in anyone of the quarters etc. . . for example, a stock I follow DSYT (Dorsey Trailers) went public in 1994. EPS 1.53 .85 (.99) 12/94 12/95 12/96 their NTA is: stockholders' equity $137,000 as of March 30th. stockholders' equity $5,615,000 on Dec 30th in one quarter, they fell under their $1 million requirement. (if I remember correctly, because they sold off a bunch of used semi-trailers for lot less than what they had valued them on the books. interestingly, they sold the trailers to company owned by the president who controls something like 40 - 50% of the stock.) delistment soon? Cheers. George

To: Q. who wrote (10)	6/8/1997 3:03:00 AM
From: drakes353	Respond to of 41

Thanks for the info. Knew I could count on you. I've got some screening software at work and will run some numbers based on this next week to see what I come up with. Might be interesting to put some troubled companies on a "NTA Watchlist". Over on the Fool you mentioned someting once about looking at sentiment numbers. I've done some stuff with it myself (have Investor's Intelligence numbers going back for years and years) and would be curious to see what you're doing in this area. Just point me in the right direction. Thanks. All the best.