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

To: Suma who wrote (21645)	7/9/2005 5:02:25 PM
From: bruwin	Respond to of 78774

Well ... one of the first things I look at is a company's Bottom Line. In WIN's case, we have the following "history" .. QUARTERLIES :- 3/2004 : Bottom Line = $0.6mil. 6/2004 : Bottom Line = -$22.7mil. 9/2004 : Bottom Line = -$153.1mil. 10/2004 : Bottom Line= -$399.7mil. ANNUALS :- 6/2003 = Bottom Line = $239.2mil. 6/2004 : Bottom Line = -$100.4mil. I'm sure you'll agree that's not very impressive. And it just seems to get worse. Another thing ... they only have $364.8 mil. in Total Equity. If they continue to make Bottom Line losses equal to the latest LOSS of -$399.7 mil., they'll be Insolvent in 3 month's time. To avoid that happening they'll need to sell stock to the public to increase Share Capital. The question is, will folk want to buy that stock ? If Win-Dixie is currently trying to improve matters, that's a good thing. Personally, I'd want to see those improvements start coming through in the numbers appearing in their future Financial Statements before I'd invest in their stock. P.S. This is my last "allowable" message for today. I only get 5 !!