Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Softechie who wrote (13556)	1/3/2002 6:43:50 PM
From: TimbaBear	Read Replies (1) \| Respond to of 78530

Softechie : Any opinions on MIR DYN? TIA I didn't have any opinions on these two before you asked, but here goes: Neither has a great position vis a vis their ability to meet their current obligations. MIR has a current ratio of .82 and DYN 1.06 (1.0 means you just have enough assets to cover current liabilities), so MIR has to borrow just to meet its nut. Neither are a value relative to equity as MIR has a debt to equity ratio of 1.87 and DYN's is .83 (Here 1.0 means you don't have any equity and over 1.0 means your creditors can go whistle if you close your doors). Both companies are sporting nice ROEs, but that's not hard to do when there is little to no equity. Because then, any return looks huge. Normally, I wouldn't look past these numbers, but since you asked, I did a quick cash flow analysis on both for the last 4 quarters. DYN had positive cash flow and MIR had negative. So.... of the two, I would say the DYN is the better company, but I wouldn't invest in either, because neither offer me a "margin of safety". Some posters here, especially recently, seem to be far more in touch with the energy sector than I, and i will defer to their opinions, as they will probably be much more timely and include factors that raw numbers crunching don't consider. Timba

To: Softechie who wrote (13556)	1/3/2002 8:49:14 PM
From: Paul Senior	Respond to of 78530

Nice call here by Spekulatius on MIR recently. Seems like right after he mentioned it, stock moved up, and I see it recommended in a lot of places - Wall St. Week tv show, newspaper reports, etc. Sometimes, for me, that has meant it's too late to buy. Sometimes not. If only I knew which. -g-

To: Softechie who wrote (13556)	1/11/2002 5:31:35 PM
From: Paul Senior	Read Replies (3) \| Respond to of 78530

I'll go with Spekulatius here on MIR now. Co. is attempting to strengthen their balance sheet with asset sales, stock issuance, deferral of capital spending projects. Company projects about $2/sh earnings for '02. If it happens, that's a p/e of about 7 at current stock price. Price/sales is low. (Might change though with asset sales and increase in stock outstanding.) Stock is selling near stated book value. (Given ENE and other companies in the sector, book value, at best, imo, can only be used as a reference point now. So I make reference to it and move on -g-) Not much public history for this company. And other negatives, mentioned earlier on this thread, are a valid concern. Entire sector seems to be in turmoil. Hard for me to believe that companies here which provide services that consumers want and expect, won't somehow get the funding they need or be able to provide those services at a profit. Ultimately. I hope. I've been buying MIR yesterday and today. Paul Senior who has been wrong many, many times.