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.

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

To: Madharry who wrote (1096)	6/22/2007 3:05:16 PM
From: Stewart Whitman	Read Replies (1) \| Respond to of 1185

Gotta go with Spekulatius on book value with regard to BR. The business costs very little to run - capex of about $35 million/year for the past 3 years. If they hadn't paid out the $690 million to the parent, the book value would have been about $7, which probably would look more reasonable. Anyway, free cash flow of around $200 million/year seems like it could be used to repay the debt. Personally, I just can't tell how vulnerable to competition BR is, and given that, I don't like businesses where large customers can come and go. Regards, Stew