Yep most of the time that is correct
With a heavily cashed up company you would have to be unlucky to lose money if you get in at a massive discount to cash backing
I remember in 2008 during the crash I focussed on picking up resource companies with war chests and they paid off .....the last thing you want is buying a company with little cash or debt and see it going out the back door just as the market turns.
Off market share buy back, page-26
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31.5¢ |
Change
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Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 101000 | 31.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 242807 | 6 |
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