posted
Many companies are devalued through the floor right now. Worth way less than the companies assets are even worth.
For example, Circuit City's book value is at 46 million. although it has a lot of debt this company seems to have a lot of assets as well making them a buyout candidate if they can stave off bankruptcy.
although money is hard to get right now when the dust settles, corporate consolidation is inevitable. imo.
posted
The problem today is that most if not all the would be buyers don't have the cash nor the value in thier stock to do the MA. There are some but very few at the moment. Be interesting to see if the BUD deal goes through as well.
Posts: 3417 | From: Cleveland, Ohio | Registered: Jan 2000
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alz I can say is, good luck! When you don't think it can go lower - look for the truck heading right for you.
edited: meant to put this under the bank/insurers thread.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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alz I can say is, good luck! When you don't think it can go lower - look for the truck heading right for you.
edited: meant to put this under the bank/insurers thread.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by Free Muney: Many companies are devalued through the floor right now. Worth way less than the companies assets are even worth.
For example, Circuit City's book value is at 46 million. although it has a lot of debt this company seems to have a lot of assets as well making them a buyout candidate if they can stave off bankruptcy.
although money is hard to get right now when the dust settles, corporate consolidation is inevitable. imo.
comments and other candidates welcome.
There was a separate CC thread, quite lengthy. At five dollars "they couldn't go any lower!" blockbuster buyout failed... cc wouldn't show them their books.. etc..
I have some at .40 from a few weeks ago. with some call options. This I did with full knowledge of it's negatives.. and there are a lot.
The current cash flow issues are burning through their assets at fast rates.. SIX months max gone and that's including the 1.3billion credit line they have. Be cautious with this one. NOT too much money here. They MAY be bought out but it looks like there is no one interested. Bad locations. Low inventories. Good luck
Posts: 208 | Registered: Sep 2008
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