Talbots, Inc. (TLB)

[RonnieD]

- Sycamore said they will consider raising
their bid of $3.00 for each un-owned share
if they get internal access to
Talbot's finances.
- filings show 300-330 million in assets
with NO debt at all.
- tough retail environment hurting everyone,
but once you own this presence and brand,
you own it going into a potential turnaround.

my guess - 300 million not including Sycamore's
already owned 10% = perfect match to book value

300 million / 63 million shs not owned by Syc
= 4.75/sh

OR 300 including Syc's shares = 270/63 = $4.28/sh

worst case total low ball = 250/63 =
$3.96