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iShares Core Growth Allocation Message Board

  • risk_11 risk_11 Feb 18, 2000 11:15 AM Flag

    Check your facts

    While the accounting irregularities will
    undoubtedly add to the negative sentiment for AOR, the
    company is already trading BELOW book value. The
    statement indicates the charge will wipe out 1999 year's
    income - or maybe create a small loss. This will NOT
    further reduce Book value of the assets and should
    certainly not take the company to the price levels you have

    A smart buyer would scoop 100% of the company up at
    these levels given the quality of its assets. You can
    bet your life the Board mad sure of the accounting of
    ALL assets once the irregularities came out - and
    have clearly concluded that the problems lie in
    expense accruals - NOT asset book values. EOM

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