News: WTP Watpac awarded contract to build $61 mln retirement community, page-5

It could be, but if you go private with a company for less than book, that can be trouble with the law.  Especially with so much more cash than mkt value.  There is $90 million more cash than mkt cap, one could buy the whole company, fire everyone, shut it down and walk away with $90 million profit.

The company does not seem to care that its stock is worth less than free.  BUT I love buying free companies, it has worked out well for me.

Motley Fool ran an article on it being free in 2015 and today WTP is much more free: http://www.fool.com.au/2015/10/14/want-to-buy-a-business-for-free-now-you-might-be-able-to/

Valuation Measures

	Column 1	Column 2
0	Market Cap (intraday) 5	142.3M
1	Enterprise Value 3	-89.77M
2	Trailing P/E	-6.71
3	Forward P/E 1	8.50
4	PEG Ratio (5 yr expected) 1	2.45
5	Price/Sales (ttm)	0.12
6	Price/Book (mrq)	0.62
7	Enterprise Value/Revenue 3	-0.07
8	Enterprise Value/EBITDA 6	-6.08

Financial Highlights

Fiscal Year

	Column 1	Column 2
0	Fiscal Year Ends	Jun 30, 2016
1	Most Recent Quarter (mrq)	Jun 30, 2016

Profitability

	Column 1	Column 2
0	Profit Margin	-1.75%
1	Operating Margin (ttm)	-0.55%

Management Effectiveness

	Column 1	Column 2
0	Return on Assets (ttm)	-0.73%
1	Return on Equity (ttm)	-8.78%

Income Statement

	Column 1	Column 2
0	Revenue (ttm)	1.22B
1	Revenue Per Share (ttm)	6.53
2	Quarterly Revenue Growth (yoy)	-3.60%
3	Gross Profit (ttm)	51M
4	EBITDA	14.77M
5	Net Income Avi to Common (ttm)	-21.36M
6	Diluted EPS (ttm)	-0.11
7	Quarterly Earnings Growth (yoy)	-26.30%

Balance Sheet

	Column 1	Column 2
0	Total Cash (mrq)	251.46M
1	Total Cash Per Share (mrq)	1.35
2	Total Debt (mrq)	18.45M
3	Total Debt/Equity (mrq)	7.99
4	Current Ratio (mrq)	1.28
5	Book Value Per Share (mrq)	1.24

Cash Flow Statement

	Column 1	Column 2
0	Operating Cash Flow (ttm)	91.05M
1	Levered Free Cash Flow (ttm)	70.33M