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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (54264)	8/15/2014 5:02:28 PM
From: Jurgis Bekepuris	Respond to of 78764

E_K_S, Not sure the Yahoo numbers reflect their recent capital raise May 24, 2014 in the amount of $2.2Mln. Nothing reflects that capital raise, since they did not report after it. There is no financial information available past Q1. As you discovered from their reports, Yahoo numbers are incorrect in regards to Q1 2014, Q4 2013, etc. I don't know where Yahoo got them but the market cap is wrong and the shares outstanding are wrong too. The thing to focus on, is they are slowly booking positive earnings and if they continue for several quarters at $0.85/share that's a 4.25 PE. Stock could be eventually valued at 10 PE or $2.00/share. Agreed that this is positive and the scenario is plausible. I was just writing about people who seem to claim that this trades at below half a book. It trades above book at least based on Q1 numbers. I think the capital raise is a wash, since it traded above book, but we don't know yet.

To: E_K_S who wrote (54264)	8/16/2014 8:18:22 AM
From: bruwin	Read Replies (1) \| Respond to of 78764

OT. Following on from our recent exchanges regarding MBNC, and my intention to contact CAPITAL IQ, the suppliers of financial data to YAHOO! FINANCE, and bring pertinent information regarding their Price/Book ratio to their attention, I received the following courteous reply from a certain Audrey N. in that regard .... ---------------------------------------------------------------- ---------------------------------------------------------------- So, ... let's see what they finally come up with. If they should acknowledge this error, it would be constructive if this communication leads to their increased vigilance in the future with regard to what they supply and post in the public domain.