Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Freedom Fighter who wrote (857)	10/2/1998 2:44:00 PM
From: Allen Furlan	Read Replies (2) \| Respond to of 1722

Wayne, thanks for reply. Here is my thinking. Lands, buildings and machinery were capitalized at 723 million and accumulated depreciation recorded at 433 million, netting 290 in plant assets on the books.. With 36.7 million partnership units the 433 portion of the depreciated plant adds about 12 dollars per unit to productive capacity. I called investors relations and asked if any assessment of the plants value had been made by the company. Nothing official but informal discussions several years ago had put the replacement value north of 1 billion. Now we all know that company's with good maintenance programs and programs of technological updating have plants which would cost more to replace than the amounts carried on the books. If there were a way to go into a data base and identify that standard section of the balance sheet that showed plant at acquisition and also depreciation, one could identify candidates with "hidden" assets. Good cash flow over a 10 year period would validate the possibility of such assets. The data bases I have used, ie AAII Investor, do not have this level of balance sheet detail. I wondered if any participants of the thread may know of such a data base?