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Message from discussion Great value company
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Mr. Big  
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 More options Apr 15 2008, 9:58 pm
From: "Mr. Big" <evanble...@gmail.com>
Date: Tue, 15 Apr 2008 18:58:06 -0700 (PDT)
Local: Tues, Apr 15 2008 9:58 pm
Subject: Re: Great value company
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I think it depends on what type of leases they have. What you need to
look at is the total amount of assets they use to produce their
return. Capital leases are on the balance sheet while operating leases
are not.

To compare all of this, you really need to adjust the balance sheets
of all the companies you want to look at. Thats really the only way.

See you in Germany in a few weeks.


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