SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: gizwick who wrote (54242)8/15/2014 11:02:01 AM
From: Jurgis Bekepuris  Respond to of 78763
 
MBNC ... Book value of over $5.00.

Nope. They have 9.5M shares outstanding and 6.1M in equity. So book value per share is about 0.64$.
Unless you meant "book value over 5M", which would be right. :)



To: gizwick who wrote (54242)8/15/2014 1:04:06 PM
From: bruwin  Read Replies (2) | Respond to of 78763
 
Further to other observations regarding MBNC's Book Value per share, I thought I'd add the following ....



It seems, from Yahoo! Finance, that MBNC's Price per share/Book Value per share, i.e. Price/Book = 0.15.

Based on its current share price of $0.90/share, one has ....

0.90/Book = 0.15

That gives current Book Value per share = 0.90/0.15 = $6.

Unless I'm missing something ...