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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (14322)6/7/2002 1:54:25 PM
From: chowder  Read Replies (1) | Respond to of 23153
 
Initially, it was accounting questions. Then their CEO, Koslowsky, had to resign, was indicted for avoiding paying sales taxes on art, and now there is the question of how he ran the company. Same old stuff! Nothing new. <g>

dabum



To: kodiak_bull who wrote (14322)6/7/2002 2:14:03 PM
From: pvz  Read Replies (1) | Respond to of 23153
 
Here's the problem with that book value, done literally on the back of an envelope:

From:
moneycentral.msn.com

Total assets 111
Total liabilities 80
---
= Net assets 31
less Intangible assets 35
---
= Net tangible assets -(0.4)

That's not to say it isn't good value at this level, but something just doesn't look right.


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