Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
What liabilities are you looking at?

As of Dec 31, 2010 (http://phx.corporate-ir.net/phoenix.zhtml?c=137837&p=iro...
Current Assets = $958M
Current Liabilities = $566M
Total Liabilities = $790M
Diff btw CA and CL = $390M, but you need to give them working capital and some interest payments with that long term debt so you can't back out all $390M.

The calculations you do for determining MUE would have been worse last -2 years back when stock traded near cash value at $17. Since then shares (and my investment) have doubled.

That's true, but we're in a rising tide. S&P is up 100% as well with much less volatility. Everyone is making money and the market is frothy. That's why I like Jim's super conservative approach - it is situation specific and less macro driven.
tj
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.