LACO is very undervalued Message Board

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Non-Tech : LACO is very undervalued

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To: Dr_of_Microcaps who wrote (28)	1/22/2014 3:27:56 PM
From: smaycs4	Read Replies (3) of 36

Well, $66 million =$2.49 per share. If we discount that by, I don't know 10% for 4 years, that gives us a present value of $1.63. Add that to the $4.92 book value that I calculated a few months ago and that=$6.55 per share. Yet the stock is at just $4.75 reflecting serious doubt as to what Lyle might do with our money. Im not counting the 4.25% because that will be eaten up by overhead no doubt.

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