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: David who wrote (17474)	7/30/2003 8:31:34 PM
From: rjm2	Read Replies (2) \| Respond to of 79031

BONT accounting question from a friend of mine. "http://www.sec.gov/Archives/edgar/data/32020/000095015203004365/l97259ae10vk.txt With BONT paying $80 million, is it possible that you would have to write the PP&E and other assets down to ZERO at EBSC? If so, would that mean that the $20 million in annual depreciation and amortization at EBSC would be eliminated? I'm not sure what the answer is, but I am becoming increasingly convinced that the "bargain purchase" is going to, in and of itself, do wonders for the income statement of BONT, or whoever the acquiring company is."

To: David who wrote (17474)	7/30/2003 9:54:25 PM
From: TimbaBear	Read Replies (1) \| Respond to of 79031

David I would love to hear your thoughts on an arbitrage at current levels, etc There are some really good arbitrageurs that occasionally post here who are qualified to render a scenario, I'm not yet one of them (although I am actively building my pool of knowledge on the subject). I was just sort of thinking (with the last post) that holding EBSC now was comparable to a CD from my perspective. I'm not adding anymore now. It's been a nice play, but I think the law of diminishing returns begins to apply in here soon. Timba