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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Perspective who wrote (209489)7/7/2009 2:28:50 PM
From: ChanceIsRespond to of 306849
 
MIDD - Good thinking.

If you look at the financials per Yahoo you see:

1) growing receivables - are the customers not paying - why would that be??

2) booming LT debt - most companies are issuing stock today to repurchase debt. I guess they see big sales to CMG

3) liabilities growing much faster than assets - kind of like the FED,

4) a big pile of "goodwill" - you can eat that, right???

finance.yahoo.com

Chart looks like death warmed over. Should drop to $35 to retest the 200 day line. I shorted a small piece at $47.47. Am already ahead on it.

Thanks.

Gotta be careful though. Rather low volume trader.