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Stocks F / Friedman's Inc.
|Subject: Re: Friedman's Falls Again||Date: 5/21/2004 12:59 PM|
|Author: Buffboy25||Number: 27 of 28|
Thank God somebody besides me at the Fool is paying attention to this company. I'm feeling like a resident of the desert island 'Moronville' for investing in this company. Luckily, I've only been watching since January 2004 and didn't invest until early May at around $4.73 a share. I was expecting a major restatement of inventories, accts receivable and possible entire write-off of the Crescent investment. At the price I paid, I thought I would still be (ok) considering a fair statistical margin of safety.
I am exceedingly anxious to see the SEC restated numbers. This doesn't appear to be THAT BAD of a business. All FRM investors, including Mr. Cohen, must be piqued by the management's foul behavior.
If I learn anything more, I'll try to post in on here.
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