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

To: Paul Senior who wrote (46746)	2/24/2012 4:27:40 PM
From: E_K_S	Read Replies (1) \| Respond to of 78748

Paul - For retail companies (in general) how is tangible BV calculated when valuing their inventory? Is it at their cost or current market (liquidation) value? I understand cash but inventory if valued too high could be trouble to liquidate even if it was valued at 50%. I also wonder how much that tangible BV number reported in advfn lags the actual value (at least 6 months?). If so, I agree w/ you that at $12.67 price looks tempting. I have never had too much success buying retail companies as they spiral down based on a value buy. I have had success buying on the turn and playing the momentum higher but getting out was always the problem. I will add this one on the watch list because if the are a survivor, they are probably pretty near their lows. FWIW, Schwab's StreetSmartEdge Research module shows SKX tamgible BV at $17.01 ($0.08 less than BV) and cash/share of $7.04. Schwab rates the company as an F. Earnings est 12/2012 -$0.05. Stock pretty close to a five year low (except for 3/2009 crash hit $5.50/share w/ quick recovery to $11.00/share). EKS