This is where you are wrong each cent and dollar they keep on the blance sheet. The cheaper any takeover amount will be. If they offered $300M for the company it would be less any cash. Net cash on the balance sheet. Currently that is zero $50 cash and $50 debt.
$300M is PE of 10 if second half similar to first half.
Which is below the $400M of assets.
So if bid was at $500M it would only be a premium of $100M to the net assets.
$1.50 is gonna happen pretty soon before its fortunes turn.
This is where you are wrong each cent and dollar they keep on...
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Last
74.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $252.5M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 44630 | 74.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.0¢ | 6981 | 1 |
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