I an not making up these estimates, they are from analysts. I've seen estiamtes placing S3's portion of the Fab as high as $500 million which is close to S3's entire market value.
these analyst opinions were based upon grey market prices of US $3.50. i forget what Lehman said on the ALSC report, but i think that they suggested a $3 billion NT value on the USC fab, which comes out to about $4.50.
If you don't believe me, check out the ALSC thread, the S3 10Q, and the S3 Q3 earnings to double check the numbers.
BV is affected, when you decrease net income. Retained earnings is listed under Shareholders Equity, under Liabilities. Do you know how to read a balance sheet? if not, then you might want to go to edgar and download their 10Q. If so, then you might like TRC (Tejon Ranch) more, since they own tons of property north of LA/Bakersfield/I-5 and have it on their book at pennies. Or buy hong Kong stocks, who have the same thing.
the fab which alone could be worth 2-4 times what it is listed at.
i have done numerical calculations to support my $2.25/$4.50 estimate book value on the fab. If you think it's worth 4x or $8.80, then can you please do the numbers for us on the thread?
if you invest based on what you "heard" you will be as sorry as i am.
i am still investigating the lease deal on the new Santa Clara HQ. Cannot imagine this asset can be easily flipped, nor can i imagine it should be considered. If not considered, its a "trapped" asset.
BL |
