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


To: Freedom Fighter who wrote (12228)3/28/2001 1:24:53 PM
From: valueminded  Read Replies (1) | Respond to of 78613
 
Wayne:

I dont like what I see. I did some cursory math and have concluded that sfn is fully valued at its current trading range. I expect earnings to be 40c/share if market conditions were the same this next year as they were last year. (no I dont think they will be therefore I see lowered earnings and thus lower value)
Additionally, value in corporation seems to be all in the intangibles, so you have to look at cash flow which looks to take a severe hit now that page has been spun off.