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To: William Grady who wrote (363)7/9/1998 4:45:00 PM
From: Ian@SIRead Replies (1) of 903
 
Bill,

Your numbers are probably close. Last time I looked I thought the Book Value was slightly over $13. BRKS did a secondary last year which left them with the $6.50 of cash/share.

While it would be nice to add Cash to Book Value, that's known as double counting. Basing an investment decision on that move is likely to be dangerous to your wealth.

Otherwise, I agree with your view on BRKS. It's a bargain. but it will probably take some indication that the trough of this cycle is behind us before BRKS moves up substantially.

FWIW,
Ian.
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