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Strategies & Market Trends : Bankruptcy Predictor Model -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (136)	3/23/1999 2:17:00 PM
From: Bosco	Respond to of 477

G'day all - John, more than a year ago, I was tempted to bottom fish in WCEC [who is the parent of Palmer and Videosmith] after seeing its BV was in the teens but the stock was trading below 3. I lucked out by stopping by some of the video retail outlets and noticed that movie videos were on sale for $10 apiece, even though the suggested price could be $30 - 50. This sort of assets, like out of fashion books and clothings [yes, I had my waterloo in HDS <sg>,] is marginal at best - and could only worth 1/5 or less of its stated asset value. best, Bosco