SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: E_K_S who wrote (43867)8/11/2011 1:44:27 PM
From: Mr.Gogo   of 78745
 
EKS,

You are right, they have payed about 2 billion of debt in the last 4 years, but my point is about book value. Book value per share will increase if you sell more shares at a price above book value and pay debt. But if you use your cash to pay debt book value will not increase. In fact their book value has increased from minus 3 B to minus 1.8 B. This is if you deduct the good will and intangible assets, If you don't deduct good will and intangibles, the book value has decreased from about 5.9 B to 1.3B.
To your last point I agree with you. The chances are much higher that it will be 50% more expensive than less expensive, but you never know :)

Georgi
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News