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

To: Jurgis Bekepuris who wrote (30592)	4/9/2008 3:28:20 PM
From: Spekulatius	Read Replies (2) \| Respond to of 78666

BID does not seem to get any bids today <g>. I agree that seasonality is the main reason for their balance sheet expansion during the last quarter. Going down the history lane it appears that current liabilities at year end are always around 1.1-1.2x annual revenues. That's a high number and implicates that BID does have risk that they don't get paid when the art market turns bad. I also read that shortsellers use BID stock to make bet's against the art market, for lack of another vehicle. So these may be business bet's rather than company specific bet's. Not buying yet but watching the stock.