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

To: cfimx who wrote (5973)	2/7/1999 6:17:00 PM
From: James Clarke	Respond to of 78777

Twister, well done. I checked too and you're absolutely right on the numbers. Could Bill really have missed that the company has two classes of stock, and only counted one class of shares? I still don't see how one could possibly make the claim that this company has "NO DEBT" if one had glanced at the balance sheet. This is why God created SEC financials. We're not talking a lot of work here - Twister's analysis took all of about two minutes to check. I guess Bill did ridicule our obsession with fundamental research, so we can't accuse him of hypocrisy. I would love to hear where he got those numbers though, just so I can avoid that source in the future. Like Twister said, Welcome to the Value Thread. When I post something here I thoroughly expect to be fact-checked. That is one of the reasons I post it. JJC

To: cfimx who wrote (5973)	2/7/1999 7:05:00 PM
From: Bill Zeman	Respond to of 78777

Twister Good critique on IDTC. Good use of the g's. Lay it on me! I want to know every possible reason why I should not own the stock I own. "Faithful are the wounds of a friend". As far as book value goes. I understand that good will makes up a part of it. I really believe as obviously did whoever made up the value, that good will matters. Most of good will is your customer data base and that has a very real value. Look at the incredible amount of money they sold all those cable customers for. Somebody correct me if I am wrong, but is that not simply "good will" that they are throwing around for billions of dollars? Yes I did get IDTC's $10.50 book value from Yahoo!, but if you count good will, is that number wrong? I confess, " I use Yahoo!" <G> I am coming out of the closet. As far as cash per share, I guess Yahoo doesn't count all the unexercised options or something. You said: "Bill, over here on the value thread, we don't pretend to be able to PREDICT the future, and don't expect others to be much good at it either.<G>" If what I said about IDTC's price forecast comes true will I change your mind?<G> Seriously, you guys on this thread are obviously a very learned bunch, and perhaps I should not have dared to bring up any criticism, especially since I just came in on Post # 5000something. Oh well, I can take a flame. You guys are right to point out my weakness in tending too much toward the short term. Even God agrees with you, "he who hastens to be rich will not go unpunished", Proverbs 28:20. Maybe between this esteemed Value Thread, and God Almighty Himself, you all can talk some sense into me. I still think IDTC is a GREAT value stock. Don't let any dislike you might have for me keep you from checking it out thoroughly. I think it is better than ICO or MWY for a tech value. Bill Z