EGEO book value analysis--
Assets:
Total current assets(cash and receivables)........... $54,452,000
PROPERTY AND EQUIPMENT Less: Accumulated depreciation... $185,978,000
OTHER LONG-TERM ASSETS....................... $ 4,041,000
Total assets.............................................$244,000,000
(excluding MULTI-CLIENT DATA LIBRARY & GOODWILL just looking at hard assets here)
Liabilities:
Total current liabilities...............................$195,545,000
**No preferred stock currently OS
**Shares OS 8,788,310
Total shareholder equity: $244,000,000- $195,545,000= $48,455,000
or $5.51 per share
A conservative estimate would put EGEO's liquidation value at $2.00-$2.50 per share. IMHO |
