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

To: batman10023 who wrote (755)	4/29/2012 4:37:07 PM
From: Covenant	1 Recommendation Read Replies (1) \| Respond to of 1876

Can you blame them? The senior creditors tightened the credit terms and management has been pillaging the company coffers while they still can. NOVS faces its day of reckoning late this decade. The big question is how much of a loss the creditors will suffer.

To: batman10023 who wrote (755)	4/29/2012 4:59:23 PM
From: KirbyJF1	1 Recommendation Read Replies (2) \| Respond to of 1876

Battie Says:::i haven't seen a single shareholder articulate what the earnings will be excluding bond income and the real interest rate on the debt. Battie-- What does that have to do with the Price of Tea in China?????? Bond Interest is only a bonus as its a decaying asset- (((They haven't made loans for 5 years & according to their business plan have exited the business. Any reference to that aspect of their former business plan is pure Bull as it has nothing to do with their future potential earnings. Any investor worth his salt will have a spreadsheet showing the profit with different senario's of potential revenues. The other revenues & earnings of the other subs is unquantifiable at the present time & is very difficult to put on any value untill they have a couple of years of operation.((The Investor must make a subjective opinion & price the stock accordingly. You failed to comment on the $100,000,000.00 in NOL that is now starting to be used to offset their present profits. What is the value of that asset, that not even on the balance sheet because of the Gaap accounting rules? Kirby