07-12-2014, 12:10 PM
Book value of equity is currently $201 mil. Markt cap is about $108 mil.
Cash and cash equivalent about $70 mil now. Even if the non-cash portion of equity is to take a 50% cut, equity will still be about 135 mil (70+ 0.5 x 130). Thats still about 30% higher than what mkt prices it today! Despite the challenges faced by the company, not sure if the deep discount is really warranted...
Cash and cash equivalent about $70 mil now. Even if the non-cash portion of equity is to take a 50% cut, equity will still be about 135 mil (70+ 0.5 x 130). Thats still about 30% higher than what mkt prices it today! Despite the challenges faced by the company, not sure if the deep discount is really warranted...