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: Broken_Clock who wrote (27483)	7/26/2007 7:26:07 PM
From: Jurgis Bekepuris	Read Replies (2) \| Respond to of 78763

Have you done a valuation of WCI? I did and it looks ugly. It has one of the worst balance sheets among the smaller homebuilders. Yes, they should have accepted $22 per share. But you also have to look at it another way: Icahn is not an idiot. If he wanted to pay $22 for WCI, why won't he buy other homebuilders in the future for similar or more attractive prices? He (and others) may be fearful and having trouble getting loans now, but some time in the future they will realize that they can buy out these guys cheap. It's only a matter of time, money and price.