it drops into the single digits. This is a
classic dead-cat bounce to allow institutions one last
chance to get out. Take advantage of it. There will be
plenty of time to get in around 8 or 9 later this year.
Next quarter will disappoint the street and we all
know what happens when the street is disappointed.
Hello dmtexas: Okay, I see, and if a given public
company's assets were to depreciate (cmv < original
cost); same would be true: assets would be reflected on
books at low value. This makes sense.
reply 2630 re: hist costs as objective, and cmv as
subjective --is in same vein, only differently
Thanks for your explanation.
but now --Enlightened-- in H-Heels :)
Went to D&B Bethesda last night. Got there at
7:00, the place was packed.
dinner theater, capacity crowd. (Food was mediocre by
Dinner over at 10:00, took a spin
through the arcade, place was jammed.
this stock for 4 years, incredibly now for minimal
gain. I'm hanging in there, though. Did not look to me
last night like a business on the decline.
I can't imagine why voodoo has
neglected to respond to your question, but since he appears
to have dropped the ball (sorry, voodoo, but all's
fair . . .): one of the generally accepted accounting
principles with which public companies must comply is the
principle of "conservatism," which generally requires that
assets be reflected on the books at the lower of cost or
current market value. When assets appreciate (i.e., their
current market value exceeds their cost) the amount
reflected on the books is less than current market
Incidentally, DAB's book value per share (as calculated from
its most recent 10-Q) is approximately $11.25.
Having been to the ESPN Zone in
Baltimore, I can say that D&B has little to worry about long
term, unless ESPN Zone changes a good number of things.
There are Bars in the area with more TV's for watching
sports, There are small time arcades with more games. The
bar service in the game area was almost laughable. At
best I would say that the Zone is slightly better than
Planet Hollywood. The food was decent, and there was
more to do than look at the walls. But they didn't
come close to D&B.