Use access key #2 to skip to page content.

alstry (< 20)

I Challenge any CAPs player to find a more overvalued stock on the NYSE



November 04, 2008 – Comments (9)

Alstry's challenge to CAPs players vs. MHK

Market CAP:  About $3 Billion

Cash and Receivables:   About $1 Billion(about $62 in Cash and $933 in receivables)

Debt and Payables:  About $3 Billion

Earnings most Recent Quarter:  Loss of over $20 per share or about $1.4 Billion

Outlook next quarter including chargeoffs:  Loss (could be really BIG loss)

Primary Competitor:  Warren Buffett's Carpet and Flooring Company


I look forward to all challengers:  We will take percentage price decline between today and the next time MHK comes out with earnings next January to determine the winner!!!!

To keep it company must start with a market cap of at least $500 million so you can't pick one in the brink of BK.

Good luck if you dare to take on the Bad Boy of CAPS.



9 Comments – Post Your Own

#1) On November 04, 2008 at 1:21 PM, FreundInvesting (28.78) wrote:

The Hartford.

Report this comment
#2) On November 04, 2008 at 1:23 PM, MarketBottom (28.61) wrote:

I will give it a try.


Huge accounts receivable at end of 07. 

Report this comment
#3) On November 04, 2008 at 1:41 PM, alstry (< 20) wrote:

Both strong picks and will give me a run for my money in a manner of speaking.  I red thumbed Dell earlier in the year and should have stuck with it.

According to Thompson's on are still forecasting a $4 profit for MHK for will be interesting to see what happens once that number is revised to account for today's $20 per share loss and the institutions' black boxes pick up on it......where things really might get interesting is when upcoming quarter numbers get revised.

Report this comment
#4) On November 04, 2008 at 2:09 PM, JakilaTheHun (99.92) wrote:

This doesn't sound like a very fair contest.  If you're looking for the "most overvalued" viable company, it might take several years for the prices to correct.  Plus, you picked the date that would be most beneficial to your pick :P

Fwiw, though, I'd say BIDU has to be in the competition for "most overvalued" --- I just don't think it will fully correct for at least a year or two.  I also like the Dell pick above. 

Report this comment
#5) On November 04, 2008 at 2:23 PM, alstry (< 20) wrote:


I hate whiners.....Its my game, my rules, and I am giving you my pick for free if you choose to red thumb it.....CAPs is the same way...we all have some gripes but the game is the game....either put up or don't play....either way I don't care.....I am just giving you a open shot to kick the hottest player in CAPs......that's all.

And if you win.....think how you can put me in my place.....I look forward to you joining in......even though I don't think there is another pick even close to mine in the time frame I have set out.

Good luck.

Report this comment
#6) On November 04, 2008 at 2:58 PM, JakilaTheHun (99.92) wrote:


I admire your blatant attempt to create a contest that is basically rigged in your favor if you are correct on one single issue about one particular stock.  Despite the almost insurmountable odds, I will go ahead and play just for fun, realizing that defeat is almost a certainty.  :)

I pick GLG Partners (GLG). 

Report this comment
#7) On November 04, 2008 at 3:02 PM, alstry (< 20) wrote:

First, the rules are the same for all of us.  Second, I gave you a chance to see my cards before you joined in...which benefit was not afforded to me.  Third, no one is holding a gun to your head.  Fourth, in the end we all benefit.

Now we have three....I admire your courage.

Report this comment
#8) On November 04, 2008 at 6:47 PM, blake303 (28.67) wrote:

I'll take CRM

Report this comment
#9) On November 06, 2008 at 1:02 PM, FreundInvesting (28.78) wrote:

I started with HIG at 18, it's now at 13.95, a 22.5% decrease.

Am I in the lead!?

Report this comment

Featured Broker Partners