j_owley...I never buy a stock based on book value...because except for debt and cash on hand...book value is just someones opinion and not a fact...! If a company wants to "cook the books", book value is they start...!
In this day and age of high speed trading,dividend capture strategies,GAAP, non-GAAP,Ponzi schemes,mgmt "incentive plans",stimulus/recovery plans,the AMT,Democrats/Republicans/Tea Parties/Obama/Reid/Pelosi/Boehner and Mid term elections in 7 weeks quaint terms like "book value","price earnings ratio","balanced portfolios etc are laughable IMO. The only thing that counts here at RSO is,"Will the 25 cent/share dividend each quarter be maintained?" So,hey,let's move on to what's REALLY important: "How you think the Redskins will do with McNabb,Stranahan,Haynesworth et al?" Oh, and you think being T-boned in his Audi this past week will affect Brady's performance? And if you're into NASCAR think Jimmie can get his fifth? These are the BIG QUESTIONS THAT COUNT!!!
hachi -- I love that stuff. Stick around long so we can enjoy some more. Did you just buy in to RSO or have you been hiding in the weeds? Also, if you write a lot of stuff like that, can you just email me a line or two every morning? All funning aside, if you're new you'll like the fine speculations and reasearchings relative to RSO