Post by
InterestingLife on Jul 29, 2021 1:15pm
Real Value
I have been watching this potential real estate play for awhile now and after looking at the financials (briefly), there is no way this company is worth 54 million as a market cap based on the anemically low volumes.
Furthermore, minus cash on hand for the real estate side from investors (20+ million last time I checked - not CIBT money), then we have a 34 million cap based on just assets they manage (not own)+ 19-20 schools (which most likely many of them are kind of a loss leader - some domestic and definitely the ESL side)
Furthermore, I could be wrong, but I noticed that executive compensation is not laid out (including increases year to year). Investors should know what all the executives from CEO to CFO are making in the divisions based on quite frankly mediocre performance. If they spin off the real estate side and become a REIT, then I am thinking the educational side will become a private enterprise or possibly sold off for at par value/loss or the investors only want bits and pieces and the other areas shutdown.
Comment by
Staghorn69 on Aug 04, 2021 10:44am
Breaks the 200DMA down with little to no support from the vaunted share buyback.... hey Toby, your job is to create SHAREHOLDER VALUE. Four years of total futility - shareholders getting squat here, zero promotion as per the course for the last X years... where is the spinoff Toby and how little do shareholders get??? Share price action is giving me my answer.
Comment by
bluebird123 on Aug 04, 2021 12:22pm
It might be time to vote for a new CFO.