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Author Topic: Bankruptcy / Buyout candidates
Free Muney
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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.

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Contrarian views always appreciated.... :p

Posts: 361 | From: Portland, Oregon | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
Bob Frey
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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: 3410 | From: Cleveland, Ohio | Registered: Jan 2000  |  IP: Logged | Report this post to a Moderator
Peaser
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It sure will be Bob. Banks aren't lending to companies as they have been in the past, as you know.

Those companies that have cash will more than likely be holdin' it tight for some time due to current economic conditions.

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Buy Low. Sell High.

Posts: 10748 | From: The Land Of The Giants | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
BooDog
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Stock Last Change
CNO
$1.43 -$0.10 -6.54%
F
$2.17 $0.14 6.9%
MTG
$1.88 -$0.27 -12.56%
PMI
$1.44 -$0.05 -3.36%
RDN
$2.01 -$0.09 -4.29%
RHD
$0.76 $0.02 2.7%
SCA
$0.51 $0.02 4.08%

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.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7799 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
BooDog
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quote:
Originally posted by BooDog:
Stock Last Change
CNO
$1.43 -$0.10 -6.54%
F
$2.17 $0.14 6.9%
MTG
$1.88 -$0.27 -12.56%
PMI
$1.44 -$0.05 -3.36%
RDN
$2.01 -$0.09 -4.29%
RHD
$0.76 $0.02 2.7%
SCA
$0.51 $0.02 4.08%

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.

[Eek!] [Wink]

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7799 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
BooDog
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1/2 pt cut which way will it go now???

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7799 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
Rockster
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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

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Rockster
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I'll add a few. RAD rite Aid, cheap will it make it?

GM general motors. Huge company, big problems. Will the US let it fail? mergers help?

Posts: 208 | Registered: Sep 2008  |  IP: Logged | Report this post to a Moderator
   

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