|
PureBytes Links
Trading Reference Links
|
> -----Original Message-----
> From: Daniel Goncharoff [mailto:thegonch@xxxxxxxxxx]
> Sent: Sunday, September 22, 2002 5:20 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] LU
>
>
> LU is interesting, if the data I am looking at are correct.
>
> Market cap is down to $3.6BB, and cash per share is $1.58. A buy out
> around $1.50 pays for itself!
>
Something else to look at: net tangible assets,
http://biz.yahoo.com/fin/l/l/lu_qb.html
dropped from $8.78B to $0.55B in just the past quarter. At the same time,
shareholders equity dropped from $10.6B to $0.9B. With 3.43B shares
outstanding, there is about $0.17/share in net tangible assets.
LU is projected to lose -$0.59 per share for next year (ending Sept-2003). If
they do that, they'll likely wipe out their remaining net tangible assets per
share, which will leave the shareholder with negative value per share. BTW,
revenues are expected to drop from 12.2B this year to 9.5B next year (a -23%
drop in business) - no one is expecting a turnaround just yet.
Even as an asset play, LU looks pretty bad, because of all its debt, and low
net tangible assets per share.
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Plan to Sell a Home?
http://us.click.yahoo.com/J2SnNA/y.lEAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|