RE: iFire - Time to buyAt 22 cents WED's MV is at $22 million!
WED cash on hand: 12.2 million
Nucryst value (75% of $40 million): $30 million.
Just given these values, its trading at half book value!
Throw in:
1.) the ABCP (most of which should be recovered): 14.1 million
2.) Captital assets: $30 million (from the financials they just released and wrote down further)
3.) Value of iFire technology and patents: ???
If only half of 1.) and 2.) are realized on no value is given for iFire, that still means WED should be trading at 70 cents or 3 times what its trading for!
Seems like a screaming buy to me.
Chi.