GREY:LSTMF - Post by User
Comment by
orlandoflon Jun 26, 2016 11:10am
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Post# 24999343
RE:Book value versus Market Cap
RE:Book value versus Market Capbushhog1 wrote: I prefer to use book value because if I am investing in a Company, I have to know
what the Co is truely worth, and I can find this information by looking at their audited Financial Statements.
LTS book value is $2.40 and this will likely go up in Q2 based on Mr John Wright's last CC.
Market Cap tells us what some Traders are willing to pay for the stock at a given time and we know how much this Market is manipulated by the Big Players and their HFTs.
Look at the last 4 mins of trading LTS last Friday (below) The Big Players are crossing100,000 shares at 18 cent to keep the market cap valuation down.
So can we truely say all 198M shares will sell at 18 cents and the whole Co is only
value $35M
Some Posters think Investors are stupid | Recent Trades - Last 10 of 138 |
| 15:59:31 | T | 0.18 | -0.01 | 1,000 | 89 Raymond James | 1 Anonymous | K |
| 15:57:16 | T | 0.18 | -0.01 | 47,000 | 89 Raymond James | 79 CIBC | K |
| 15:57:16 | T | 0.18 | -0.01 | 1,500 | 79 CIBC | 79 CIBC | K |
| 15:57:16 | T | 0.18 | -0.01 | 1,500 | 79 CIBC | 79 CIBC | K |
| 15:55:50 | T | 0.18 | -0.01 | 500 | 79 CIBC | 79 CIBC | K |
| 15:55:50 | T | 0.18 | -0.01 | 3,500 | 79 CIBC | 79 CIBC | K |
| 15:55:50 | T | 0.18 | -0.01 | 46,000 | 79 CIBC | 79 CIBC | K |
| 15:41:07 | T | 0.185 | -0.005 | 2,500 | 79 CIBC | 80 National Bank | K |
| 15:15:45 | T | 0.185 | -0.005 | 3,000 | 7 TD Sec | 80 National Bank | K |
| 14:18:21 | T | 0.18 | -0.01 | 4,000 | 79 CIBC | 79 CIBC | KW |
https://www.stockwatch.com/Quote/Detail.aspx?symbol=LTS®ion=C
How has that market value that you keep reiterating work for you so far? It's like an ugly girl with nice feet and you keep talking about how beautiful her feet are - :)