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