Check out EAST, another Merlin dodo pick (tradingplaces.net). Negative
book value of $5.5 million, current market valuation of $50 M. Lost $5
M on $10 M of revenues ($1.57/share loss). Full of Eastern bloc debt instruments (thus the name). See table below, Co has not updated financials since March of 98. Gee, do ya think there's been some erosion in values there?
14. SEGMENT INFORMATION
Segment information is as follows for the year ended March 31, 1998:
<TABLE>
<CAPTION>
Share of
(Loss) of
Unconsolidated Identifiable Net
Revenues Entities Assets (Loss)
-------- -------------- ------------ -----------
<S> <C> <C> <C> <C>
Austria $ 4,152,076 $ (38,388) 22,762,098 $(1,764,309)
Czech Republic 1,100,457 -- 868,961 (279,568)
Hungary 2,108,992 -- 7,533,072 214,017
Poland 1,372,325 -- 2,529,672 33,585
Slovak Republic 9,842 -- 1,945,028 (428,439)
United States 218,199 -- 8,062,958 (2,746,065)
Other 1,176,990 -- 1,137,064 23,222
--------------- ---------------- --------------- ----------------
Total $ 10,138,881 $ (38,388) $44,838,853 $ (4,947,557)
--------------- -------------------- ------------- ----------------
Segment information is as follows for the year ended March 31, 1997 (As
Restated):
Share of
(Loss) of
Unconsolidated Identifiable Net
Revenues Entities Assets (Loss)
-------- -------------- ------------ ------
<S> <C> <C> <C> <C>
Austria $ 1,433,897 $ (396,209) $13,023,750 $ 165,188
Czech Republic 656,079 -- 2,202,134 (130,214)
Hungary 387,519 -- 2,117,066 56,166
Poland 921,856 -- 2,341,507 (20,705)
Slovak Republic 1,124,339 -- 3,071,805 596,560
United States 1,161,940 -- 9,136,486 (1,606,814)
Other 55,845 -- 69,981 21,208
--------------- ---------------- --------------- ---------------
Total $ 5,741,475 $ (396,209) $31,962,729 $ (918,611) |
