RE:RE:ValuationEbbFlow88 wrote: Thanks Gudisgood. I've done that same thought process many times and have come to the exact same conclusion.
I also like to think that if you subtract the cash and investments from the market cap you get around 300M which would pretty much double your yield to 14-15%.
Assuming they can invest cash at similar returns, that's what return we can expect over time. Add in efficiencies and it increases the upside.
You guys are right on the money - it's just one of those stories where the market doesn't see it until the market sees it. That's fine with me because while the market sleeps, GUD will grow (next few years) and the confusing financial side of the business gets smaller while operations ramp.
That's when the market says - wow - why don't we own this one ?
Deja vu !