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TWEETER HOME ENT # Message Board

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  • nndung802000 nndung802000 Jun 19, 2007 1:37 PM Flag

    No value when Halted

    Do you know how to read the balance sheet? Balance sheet up to 31 March 07 is updated. Total Stockholder Equity is 34,541,000. Outstanding shares are 25.56m
    1 share is worth 1.35

    • cali49781@sbcglobal.net cali49781 Jun 19, 2007 2:00 PM Flag

      Your math does not apply in this situation. You have to add in forward loss, three part sale and the fact that this ship is sinking daily. If your going to use that math, you might want to adjust y our figures daily, you will be adjusting them right to $0

    • "1 share is worth 1.35"

      lol, you are not serious are you? the book value includes
      about 91M of inventory which they will be lucky to get
      60M for. It also includes about 70M of fixed assets
      which could lose much of its value when they start
      closing stores. For the months of April, May and June
      they have been losing money hand over foot. The second
      they declared BK the value of the stock became worthless.
      It has been pointed out before, the book value of
      worldcom the day they stop trading was over $12.00 a
      share, the shareholders lost everything.
      These shares should be selling for under a penny,
      and will in a few days or weeks. Just like Enron or
      worldcom or others before them, some believe that a magic
      bullet will be found to save shareholder's equity. It
      aint going to happen. Within a few weeks they will stop
      trading and shareholders will lose eyerything.

 
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