OK, TOP, but you haven't answered my question... What does it mean to you that WOOD claims to be able to generate $96,000,000 from selling land that seems to have been carried on the books at $27,972,394? By the way, that's assuming that "all the land" is sold. Some are questioning if the $96,000,000 represents only a 1/3 portion of their land. That, if true, would leave the remaining 2/3 worth $192,000,000?
Look, I know it's earnings forecasts that matter, but damnit, this company just made a major adjustment in it's prospective cash position. Does this mean nothing to you???? Reread Richard Williams post # 728, he knows what I'm getting at. I'm not hyping, I'm asking for a devil's advocate(TOPFUEL, you are my designated DA!!!)to throw some water on this so I can relax with my current 50,000 shares. But you only tell me to ignore book value. Go give $96,000,000 in cash to a startup company WITHOUT ISSUING DILUTIVE NEW STOCK and see if the stock doesn't jump. Come on somebody, hit me with something!!!! |
