Alon Holdings Blue Square - Israel Ltd. (BSI)

[minten]

just to test you guys trading this if you have any clue what you're doing. as you keep on talking about the 200+ million the real estate might fetch if sold, how much debt do you think BSI has? how many hundreds of millions are tied up if their near-bankrupt supermarket chain fails? the real estate fetching 10 M more or 10 M less is irrelevant, you should be anxiously reading articles about Mega Retail and its problems.

Essentially BSI is a gamble that when all of its investments are unwound, and debts are paid there's enough cash left for shareholders to still get something. Most of you here don't seem to bother to make this calculation at all, you just go on and on about the Real Estate which is a small part in this equation; if that's your style of investing, it's a very dangerous one. GL.