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

To: E_K_S who wrote (58559)	11/25/2016 4:55:34 PM
From: Lazarus	Read Replies (1) \| Respond to of 78958

I dont rely on Yahoo for BV but do my calcs straight off their balance sheet. And yeah... BV is around .36 per share and cash per share per share is closer to .30 last Q

To: E_K_S who wrote (58559)	12/2/2016 5:25:37 PM
From: Graham Osborn	Respond to of 78958

What do you mean by "get the 2nd facility up and running"? From what I understand in the last 10K the gamma knife center at San Antonio has been up and running since 2009, yet 90% of their revenues are still coming from the NYU facility, whereas the San Antonio investment is described as "minimal". In fact the Neuro Partners LLC/ CGK investment lost 84k for USNU in 2015, and the project has negative equity of 900k. Given that I wouldn't expect a significant change in their revenues to the upside anytime in the near future. FWIW, I do like the multiple and the fact that the are not squandering their cash from the NYU facility. Even the loss from Hurricane Sandy appears to have been mostly covered by insurance. If they could continue to keep their revenue flat that could translate into considerable tangible book growth for the company and an opportunity to either make larger investments or be taken over. Not really a growth but more a capital asset play. One thing I'm a bit unclear on is the possibly off-balance-sheet liabilities arising from guarantees on various unconsolidated investments in the rad-onc facilities - I need to sum those up before I accept that the multiples are really what they are purported to be.