Re: Stronachs Trial Balloon (474 Views)
Posted by:
HP (IP Logged)
Date: August 16, 2004 12:03PM
Silver,
I'd have to disagree with your evaluation of Frank's Magna Entertainment. I was shocked that they have so little debt. Considering their assets are worth over $1 billion, their balance sheet looks pretty damn good to me. Their earnings are another story.
Considering the market cap, I can't see this as a slam dunk "short." It's just not a wildly overpriced stock. Good luck. HP