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Technology Stocks : American Software Amswa
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To: John Ritter who wrote (149)3/22/1998 4:36:00 AM
From: Pierre Mondieu  Read Replies (1) of 180
 
At the very least, the way I see it, AMSWA is carrying its 81% stake in LGTY common on its balance sheet at book value (assets-liabilities), yet even at these relatively depressed levels, the stock of LGTY is selling at 3.5x book in the market.

As long as AMSWA owns at least 50% of LGTY common, they have to carry the assets and liabilities of LGTY on their balance sheet.

This represents a hidden asset. For how long?
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