Post by
RichyRich$ on Jun 22, 2019 12:32am
BXE Book Value = $96.00/Share!
That's the reason the Bank Lenders wanted to buy up majority shares! Book Value is Total Assets - Total Liabilities. Without Bankruptcy Risk now, .01 P/B is an insane screaming buy! Remember that $110 Million less debt added to the book value. So pre-consolidation the Book Value was $8.00/share factoring in $110M less debt. And keep in mind this was after they already updated the book value to be more realistic after depreciation. Remember book value used to be $10.00/share before the less debt consolidation. Post consolidation multiply by 12. $8.00/share X 12 = $96.00/share book value right now! We're at only $1.00/share now! Mathematically... even if they liquidated and sold all assets at an extreme discount... we would still make money from $1.00/share. This stock is gonna pounce!
Comment by
NewfNewf on Jun 22, 2019 12:59am
Tell your masters or bow tie guy that i will wait for 50 cents and i will throw a little fun money at it. Since Bow tie guy is still pumping and buying as well, i will just sit back and hold onto my money. Good luck