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To: Fred Ayres who wrote (280)12/10/1997 8:13:00 PM
From: Labrador  Read Replies (1) | Respond to of 479
 
not to be the devil's advocate, but in your presumed book value analysis, you are considering:
1. that they can actually sell Color Me Bind at book value
2. that they have not lost money since last quarter, and
3. that they do not have any unrealized losses that they intend to charge off (e.g, store closings, etc. )

I think #1 is a big IF.



To: Fred Ayres who wrote (280)12/13/1997 1:36:00 AM
From: Amit Ghate  Read Replies (1) | Respond to of 479
 
I don't think that it is appropriate to talk about "dividend yield" from non recurring events, especially when it's from divesting assets. The book value analysis makes more sense to me.

Regards,

Amit