primaus72 I'm a novice in this area but.. I have never used cash backing before to value stocks before. Are you referring to the cash assets at the end of half year?
354635/210980 ?? How do you derived $1.50 When it comes to valuation I normally relate to asset backing. Are you saying if the cash asset is as high as $354635Mil @ around 1.68 per share, and the stock is currently value at say $2.50we should not give the stock away when after the buy back etc it will worth another dollar on top of current valuation. And what do think the stock will trade for after buy back maybe it is better to hold instead. Your theory would be appreciated.
MMG Price at posting:
85.5¢ Sentiment: Hold Disclosure: Held
