Dear Diary,
I just picked up more Crocs, Inc. (CROX) at $8.15 per share. My read of Mr. Buffett in "The Money Masters," indicates that he thinks the greatest business in the world should be able to be purchased at or below their Working Capital in a recession/ bear market. Crox holds about $5.06 of Working Capital per share, according to my read of "Value Line."
Tempur-Pedic International (TPX) is trading at a p/e ratio of 7, so I have their annual report on the way to me for next week's reading. They indicate $210 million in Working Capital with outstanding shares of $74 million for 2008.
My CPA informs me that the endowment has been approved by the State of Texas.
Gene
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2005, In Front of IRS Building, Washington, D.C.
Diary of a Business Investor
Gene Chapman
2005, In Front of IRS Building, Washington, D.C.
About Me
- Gene Chapman, Author
- P. O. Box 295545, Lewisville, Texas 75029
- MahatmaGandhiGlobalLibrary.blogspot.com or LibertarianGlobalLibrary.blogspot.com gkchapman2012@hotmail.com "Creating World Peace One Word at a Time" And for those who wish, you are invited to participate in funding all aspects of and in the building of a physical library building within walking distance of both the White House and the U. S. Capitol Building in Washington, D. C., as a voice of nonviolence and a safe harbor for Gandhian intellectuals in this epicenter of political violence on earth.