RE: Hey, psst! Brad! Over here! Shh! Hey, Brad, you know what, if the company is selling at a price less
than, say, book value, wouldn't it be smart to - - dare I say it - - buy? Shhh! Remember, you didn't
hear it from me. This conversation didn't happen. Who? What? Go long in stocks? No, sir, officer,
we would never do such a thing.
Hi Cobalt,
No I didn't say they were below book value--in fact they are, though. I said that they had more CASH per share than the stock price. That is, the float is 8 mil, but they have 18 mil in cash and no debt.
Yeah, I guess I outta buy it....and might indeed...cept the MARKET is saying: "Psst, hey Cobalt, over here......give us a spin...we may be outta bidness soon...we may spend all that cash for not'in....you could buy us though...savvy..."
B. |
