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

To: Grommit who wrote (30044)	2/14/2008 10:02:12 AM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78764

I'm glad I resisted the temptation of investing in LIZ. Down hard today, the brands are underperformning.

To: Grommit who wrote (30044)	2/14/2008 9:43:10 PM
From: Spekulatius	Respond to of 78764

ACAS - I don't think you understand the company. We'll see. I think that they cleaned up the issue of improper valuation of European Capital. . I understand book value. The revaluation of European capital was just a component of said writeoff. FWIW, not all numbers in the presentation link are that great - foe example average interest coverage of 2x (for portfolio companies) is below the values in earlier recessions (or slowdowns <g>) - P.10 Also past Due loans have been rising quite significantly, from a low of 4% last year to 7.95 now. I understand the importance of NOI but i would not purchase ACAS based on that alone. in order for me to buy, i would like ACAS to be below tangible book, which is at about 32.5$. When it dipped below that value recently, i bought and when it went to a premium I sold. it's that simple. others may have a different value proposition for ACAS, but this is way I value the stock.