Zeev's Turnips Patch-No Politics (ZEEV)

[Tim Lamb]

Zeev:

OMG

Shareholders equity of 744 (already reflects inventory writedown (3.3 / share last Q) less goodwill of 236 is 507.5 / 28.3M shares is 17.94 / share adjusted book value.

Heck even another 100M impairment for assets (if mv is less than cost less depreciation) leaves bv over 14, so this level (6.5 not your adjusted lower amount - vbg) is 45%.

Bear markets provide exceptional values, now as long as there is not a second shoe to drop. Should be plenty of shareholder lawsuits to hit the press soon.