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Investors Title Co. Message Board

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  • pmlljl pmlljl Mar 20, 2005 5:10 PM Flag

    Weak?

    Astral Tsar: Thanks for providing the link to Winn Dixie's more recent financial statemnets. I do like to read financial statements, but these are not much fun. Long and involved and put out by a bankrupt company. I like things simple and clear cut. My guess is that Winn Dixie was being less than candid to its shareholders with its financial statements prior to its bankruptcy.

    I guess the big question right now for investors is, will the current shareholders be wiped out in the re-organization? I don't want to speculate on that. I don't think we have good enough information to make a sound judgement.

    Finally, to me the more important factor than comparative sales between ABS and Winn Dixie is which one can make a profit. Profitability is the real trick. Anybody can generate sales in the grocery business if they are willing to sell at a loss.

 
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