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Alan Brochstein » Comments » ACLS

  • Name Brand Stocks on the Edge of Obliteration [View article]
    EBAY is valued at $15 billion, and they appear to have $3.3 billion, so I don't follow your question.


    On Feb 02 01:31 PM connorport wrote:

    > How do you explain stocks like say EBAY and others who are trading
    > below the cash some of them have in the bank?
    Feb 02 15:01 pm |Rating: +1 0 |Link to Comment
  • Name Brand Stocks on the Edge of Obliteration [View article]
    It goes beyond inventory. Receivables are in doubt, factories and real estate could sell below carrying costs, pension costs are underestimated due to the erosion of investments. Further, many retailers have off-balance sheet exposure to long-term leases.


    On Feb 02 07:45 AM Dan Jacome wrote:

    > even tangible book isnt a good metric in this market b/c so many
    > companies are sitting on garbage inventory...back out good will,
    > but know that a ton of crap is sitting on a lot of books...
    Feb 02 08:37 am |Rating: 0 0 |Link to Comment
  • Name Brand Stocks on the Edge of Obliteration [View article]
    Raj, there are many companies that fit that criteria. Check my website for my disclosure of personal holdings and you will see some. If you email me, I am happy to share additional info.



    On Feb 02 03:59 AM Raj B wrote:

    > Alan:
    >
    > Thanks for the article. Would love to have an additional piece of
    > info:
    >
    > Which companies have market capitalization which is lower than tangible
    > book value ( Equity Book Value less intangible assets)? Which of
    > these companies are profitable?
    >
    > I would be surprised to find (m)any companies on that list.
    >
    > Thanks again,
    > Raj
    >
    Feb 02 07:06 am |Rating: 0 0 |Link to Comment
  • Name Brand Stocks on the Edge of Obliteration [View article]
    Hey, Dan. Good to hear from you. They were listed in Consumer Staples, not Consumer Discretionary. Yes, it's the debt load...
    Feb 01 22:11 pm |Rating: +2 0 |Link to Comment
  • Name Brand Stocks on the Edge of Obliteration [View article]
    My point wasn't to figure out whether these companies are cheap (they may or may not be) but rather to illustrate the way the market is trending. Investors should be aware that equity values are being wiped out for heavily indebted companies. Mike Santoli, of Barron's, wrote this weekend that many stocks now are just call options on a good bankruptcy.
    Feb 01 14:03 pm |Rating: +5 0 |Link to Comment
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