GREY:AATSF - Post by User
Comment by
robert1229on Jun 16, 2012 11:07am
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Post# 20021486
RE: Good day, Pedro. My thoughts are as follows:
RE: Good day, Pedro. My thoughts are as follows: Based on the 31 March 2012 financials, the shares @ 16.13 are trading at ~8% discount to tangible book value, but if revenues are weak in the current quarter, few people are likely to regard the discount as a reason to buy.
A good deal of the $154 million cash on hand at 31 March 2012 was used in the completion of the buyback. I acknowledge that the number of outstanding shares is reduced, but the tangible book value is likely to be a little lower than on 31 March 2012 when the 30 June 2012 financials are released. This number will depend on the profits for the quarter and some other factors. (The share buyback was completed at a premium to book value.)
Good luck to all.
robert1229