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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: Allen Furlan who wrote (855)	10/1/1998 7:01:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 1722

Allen, >>Here is my question. The company sports a nominal book value of about 5 dollars, but the un-depreciated production assets are about 17 dollars a share. This explains how the company could have generated a cash distribution of 4.66 per share in 1995 and averaged over 2 dollars per share for the past 10 years. The question is how does one ferret out companies which may have gold buried in the balance sheets? Any thoughts and comments would be appreciated.<< I wish I could help you on this one. I occasionally come across asset plays like this through word of mouth. Much like your comments above. I never heard the term "un-depreciated production assets". I assume it means that the assets on the books are worth much more than their carrying values. Am I correct? I have heard that Alico (ALCO) has real estate values that are very substantial. I have not verified it though. Wayne