CDW Holdings

[GFG]

Sent a query on the company website contact and got email reply from the CEO from HK today to one of my queries and quite impressed as he took the time to educate me on why the "denominated in foreign currency" cash is less than the total cash equivalents. Unfortunately it means we still dont know how much of the cash is in Chinese banks.

Otherwise $ for $ this company at this price is a no brainer. cash is cash after all. At least you are getting all the other assets and business for FREE.

Any sort of positive news will see it going up a lot I reckon. Good for accumulation at this cheap price.

Given the treasury shares will be used up by the stock options, we can expect share buybacks 20-30million shares to start again to refill the treasury shares. If you factor in stock options all converted at todays price, company will only be using up 600k+ of the SGD80million(USD50 million) they have to subsidize the stock options, dilution very minimal and net cash will still be 100%

Parent company may decide to delist also if price becomes too cheap.

--vested--

Hey Blue
Can I ask how did you send an email query?
The company website IR has no contact listed, just wondering where you got it from. I cant find anything on their website.

Also, I don't quite understand what do you mean by "parent company"
There's no parent company for CDW.
Unless you are referring to Mikuni Co., the largest shareholder.
That's the investment vehicle of the founder Yoshimi.
He's already stepped down 2 yrs back so its unlikely he'll consider privatising the company again.
(He needs it listed to monetize his holdings)

Thanks