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BRIGHTPATH EARLY LEARNING INC V.BPE

"BrightPath Early Learning Inc is engaged in the operation, acquisition and development of community based early learning and care centres across Canada."


TSXV:BPE - Post by User

Comment by iknownothingaloton Jun 26, 2015 12:49pm
122 Views
Post# 23872675

RE:Share Price

RE:Share PriceI too have been a long time shareholder. First, the company has severely disappointed investors and while the current management (who I have defended) have executed fairly well it is difficult to find new shareholders who see the value. The idea of selling Real Estate is rather smart for two reasons. First, it begins to identify the company as a pure play in child care and not a combined child care/real estate venture. Second, if the value of the Real Estate exceeds current book value and can be sold that would provide greater liquidity and more dollars to repurchase shares at these low valuations. I think 80 cents is a stretch at this point but 50-60 cents is attainable if the company continues to execute operationally and greater value is perceived as they sell down the Real Estate assets.
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