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

To: Wallace Rivers who wrote (17115)5/23/2003 9:34:54 AM
From: TimbaBear  Respond to of 78958
 
Wallace Rivers

Latest release shows book north of $18. If you back out LT debt with current portion included, that yields above $7.
Go figure.

If all debt were to be backed out, then free cash flow would be $2.29/share, so what would someone pay to get that amount of return on their investment? But the cash flow's been better than $2.00 by this metric for the last two years and it hasn't been valued very much. As you say: "Go figure!"

Timba



To: Wallace Rivers who wrote (17115)5/23/2003 10:54:43 AM
From: James Clarke  Respond to of 78958
 
seems likely to be more than 5. no need to get more specific at this point. i seem to remember the debt is tied to the credit card receivables.

a point to consider is that this is the easiest high yield financing environment in YEARS.


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