It is time to dig into the micro level of balance sheets and to test YOUR skills; take no more than 10 minutes on this case study found here:
http://www.scribd.com/doc/73386616/LPX-10K-2010-Balance-Sheet-Case-Study
A few readers have asked me for search strategies. I will do a post on this later. Mr. Buffett would tell you to sit down in a library and go A-Z through Moody’s or Value-Line. What the $%&*!–that is 3,000 companies. Well, start with the As.
I do not do screens for the reason that should become obvious in the above case study.
If my instructions are unclear please post your questions and I will clarify. Good luck.
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