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Zorro

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Zorro

Re: righty post# 574

Saturday, 02/06/2010 11:21:24 AM

Saturday, February 06, 2010 11:21:24 AM

Post# of 1935
I would say that at its current stage, Penn Traffic could still be interesting as a liquidation play and as a potential case study on the margin of safety provided by real estate assets. It still owns 17 stores and 2 shopping centers whose value is not reflected in the books, with a market value probably north of $50 million.

http://seekingalpha.com/article/175199-turnaround-cases-penn-traffic


“A fool and his money are soon parted.” ~Thomas Tusser


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