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

To: Jurgis Bekepuris who wrote (30569)	4/8/2008 12:37:49 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78664

I have looked at BID recently. What concerns me is the ballooning balance sheet during the last 12 month and the high short position. A ballooning balance sheet is never good in an economic climate we are in and the short position might indicate that they see some skeletons in the closet. I would have to dive very deep into BID's balance sheet nitty gritty to make sure i understand what's going on before buying into this one with some level of confidence. if you have done so already, i appreciate if you could share your thoughts.

To: Jurgis Bekepuris who wrote (30569)	4/8/2008 10:42:20 AM
From: Paul Senior	Respond to of 78664

BID looks good to me at current price and p/e. Not a bad price to pay for the "brand" and franchise, imo. I don't see the debt as outrageous. I don't know about short interest numbers. LTB&H should work, if management doesn't trash company as happened with an earlier ceo. In recession, maybe people aren't so willing to sell or buy art, but at some point every collector or his/her estate will be sellers. The business for BID should be there, eventually. I am in today for a few shares and intend to average down if/as shares continue to fall. finance.yahoo.com