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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 (1095)	6/22/2007 1:07:27 PM
From: Madharry	Read Replies (1) \| Respond to of 1185

I dont like paying so much over book as I dont know really know the risks in the business. the way i look at it, when you pay that much of a multiple of book its takes you many years just to break even, that it means you have to be able to predict the future cashflow stream more than 5 years which is tough to do IMHO>. That is why i dont like the edv acquisition deal whereby shareholders are paying $100 million in stock for $2million of bookvalue, even though its priced at 8 times ebitda.