John DiStanislao

Return on Equity Is Not Always What It Seems

Excellent,

using ROIC subtracts out cash

DCU/EVI


ROIC 2008 =11.98

ROIC 2007 =14.48

ROIC 2006 =14.48

ROIC 2005 =20.63

ROIC 2004 =19.90

DryClean/EnviroStar: Customers and Suppliers Reduce Risk

This was nice work and very well written.

DCU scores at the top with most value measures such as , EV/Sales. GP/Sales, Cash to debt, share count reduction, insider ownership, ignored, reversion to the mean, consistent high ROIC, FCF and high earnings yield, and leader in their industry with a diversified customer base… You get the point. I first stating buying the stock at .75 and continue to buy at these levels.

Dry Clean USA: Deep Value in this Micro Cap

I never tried to call management but have sent them emails after their attempt to go private at .80 cents. All my attempts at contact were ignored. But the minority shareholders still have a voice to stop a low ball offer.

Thanks for that insight into management! So disappointing that management would behave in such a hostile manner.

Dry Clean USA: Deep Value in this Micro Cap

Hi el duderino

My enterprise calculation was as follows;

I used the 10k filed on 09/23/09 for the 06/09 year end results.

Price = 1

Shares outstanding = 7,033,804 (10k)

Cash balance = 5,560,954 = .776 per share

Total Liabilities = 3,068,193 = .4362

EV = 1-.776+.436= .66 or .66 ( 7,033,804) = 4.642,311 (rounding)

Market cap of 7,033804 – Cash of 5,560,954 +total liabilities of 3,068,193 = EV of $4,451,043

Note: customer deposits are $1,847,822 and were included in the total liabilities of 3,068,193