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Strategies & Market Trends : Low Price/Cash Ratio Value Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Elroy who wrote (1403)3/19/2009 12:34:03 AM
From: EACarl  Read Replies (1) | Respond to of 1931
 
RE "They have about $3.20 net cash per share"

Huh?
As of the last earnings report, Cash, cash equivalents, and restricted cash (current) was ~$23.65 million and shares were 15.836 million. That's ~1.49 per share!
And that is no "net" figure. What are you subtracting to get the "net"???
If we subtract the DEBT, it's far less!

Here's the latest balance sheet as part of the last earnings report:

biz.yahoo.com

scroll down..........