Post by
RichyRich$ on Dec 28, 2018 2:07am
BXE Book Value for Past 5 Years (From YCharts)
Minimum 0.0506 Dec 27 2018... Maximum 2.121 May 07 2014... Average 0.498... If we got back to the 5-Year Average we would have 10 X Gain in share price. You have to also consider if we got bought out. It would most likely be at that average book value over 5 years. Say if it was even less... still a multi bagger gains! Plus a strong book value means if they chose to sell off some land that has exploration value... they could easily do such to pay off debts. Tons of untapped land to explore for more reserves. This is a huge buyout candidate.
Comment by
maldwyn on Dec 28, 2018 11:14am
Buyers don't usually pay more than a 50% premium to currnet shareprice and that would likley be unacceptable as most shareholders are in at much hgher levels, so I doubt this stock gets taken out ... at least not at a price that is anywhere near half book value.