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Gold/Mining/Energy : Image Processing Systems (IPV-TSE) -- Ignore unavailable to you. Want to Upgrade?


To: Gofer who wrote (383)8/18/1998 1:57:00 PM
From: Dan Hamilton  Read Replies (1) | Respond to of 658
 
There's some stuff on the balance sheet I might question as to its true value; e.g. goodwill at $4.5 million, $3.9 million in assets and a hefty increase in inventory to $7.4 million. If one were to take a conservative approach and discount goodwill completely and writing down the assets and inventory somewhat, the book value of IPV might be around 21 cents per share. Certainly it's not a value play at this point.

Dan