Mortgage Bankers Holding Corp (MBHC) Message Board

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Microcap & Penny Stocks : Mortgage Bankers Holding Corp (MBHC)

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To: Taki who wrote (853)	1/16/1999 12:59:00 PM
From: SnakeInATuxedo	Read Replies (2) of 1241

<< I like the fact also of the $18,000,000 in assets with only ten million shares outstanding. That comes out to $1.80 per share, so I see a lot of value on a .06 stock with $1.80 per share book value. >> Do you understand accounting at all? Not that anyone really believes there are only 10 million shares outstanding of this little arf-arf, but book value is not simply assets divided by shares, it is the excess of assets over liabilities, in other words "shareholders' equity" divided by shares outstanding. So I suppose next you're going to tell us this company doesn't have liabilities?

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