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Non-Tech : SPIN-OFFS "secret hiding places of stock market profits" -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (1017)	8/5/2006 10:43:30 PM
From: cfimx	Read Replies (1) \| Respond to of 1185

good points on CD..I am not certain what the correct way to look at this is. I think private equity looks at it the way CD presents it in this document, at the corporate level. But I need to understand why they present this way before I do anything other than dip a toe. My sense is that stock was being dumped massively last week, and that usually is a good time to buy, even if its just for a trade. If there is validity to this presentation, then CD is selling ~ 7x ebit on an 07 forecast. regarding H, the reason 7 x ebitda is so attractive to me is that there is minimal cap ex and hardly any debt here. so this translates to ~ 7.5x ebit which I think is very cheap for a business similar to the ones Buffett is buying hand over fist. But you may be right about earnings going down from here and if so it may be early. As to the future of real estate, I am in the Buffett camp of a soft landing nationwide. regards and thanks for your perspective