ELF Q3

[bernard2]

return,

 

i am sure you agree that is a bit confusing and that we have to trust a employee of elf

have we got the whole picture?never sure...

the only indirect detained elf shares are with evt,all others are then valued at 0;that was my possible explanation

do you know other companies with that kind of accounting?

are they tax issues?

no idea

 

then,a little bit careful

 

[returnonmycapital]

bernard,

 

I gotta say, I actually feel more confident after my discussions with ELF.

They are conservative, to the point where it seems unnecessary.

I can see where you are coming from, it does seem a bit confusing.

But, as the CFO suggested, he is just playing by Canadian GAAP rules, he didn't make them up.

And ELF has been very good at investing in themselves at the cheapest price - that appears to be where the complications sprouted from.

I have no problem with that.

[bernard2]

 

return,

 

i understand,but if it was your company,you would have cancelled the shares in your control;why not done?perhaps,tax or other things...

the simplier and easiest thing is always the best

[mranski]

If it trades at xbook now, it may trade at that for a long time. probably have to accept book increase % as your total long term return, which is decent, but not a home run.

If it trades at book or above, could be excellent.

If it sells, could be excellent.