TSXV:HRE.H - Post by User
Comment by
edka1on Mar 01, 2013 4:04pm
117 Views
Post# 21064576
RE: RE: RE: RE: RE: RE: RE: RE: RE: 35 cents....
RE: RE: RE: RE: RE: RE: RE: RE: RE: 35 cents.... not only. contrarian and value investor was buying Bank of America at $7 last year as it was no brainer with having $1 trillion of deposits just earning 1% on that would justify market cap several times as much as it was trading at that time, constrain value investor was and still buying MBIA as the value of its run off book of municipal insurance business alone is worth 3B and current market value is below 2B for two businesses, contrarian and value investor was and is buying AIG when everyone has been scared of the fact that it almost went bankrupt while the company continues to improve and has earning in such a low interest rate environment... the main theme here is that if you close those 3 business today you will get higher value from selling off assets than the current market cap. If Stans stops business today what would we get ? 16M of cash and other liquid assets, may be 10-15M for kashka plant, may be 10-20M for license. when you sum this up it is just about current market cap. not a value play in my book period. and i don't really get why are you offended when i call you a speculator. I call it myself too as i am also hopefull on Stans story to unfold. what is wrong with that? Aren't we hoping or in other words speculating that Stans starts producing REs in a few years? The probablity of that happening is high but not warranted. And this is speculation by definition. Cheers.