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

To: Bob Rudd who wrote (13598)	1/5/2002 3:37:49 AM
From: Paul Senior	Respond to of 78717

re: REF accounting. Bob. Looks to me that from '97 on, shares outstanding are roughly the same and so is equity. So book value hasn't changed. It does look like deferred income taxes have come down each year -- that might be the debt you mention that's being paid down. If so, that amount is getting close to being paid off. So subsequent earnings then might be used for other corporate purposes. That could be a positive for the company ---IF that's where the earnings have been going in past. yahoo.marketguide.com Fwiw, I just came across 7/20/98 write-up of REF in Dick Davis Digest which mentioned the large number of patents REF held and that they sued companies who they believed infringed on them. Per a Max Zavanelli of ZPR Investment Management in an interview with the Wall Street Digest. He was bullish on the stock, then at $12.50. Paul S.