GREY:CRXPF - Post by User
Post by
JesseBon Sep 03, 2019 1:03pm
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Post# 30090887
P/B is 0.8
P/B is 0.8Does anybody know if the book value for this company would include the "sale value" of properties? Basically, if they have a market cap if 18 mil this implies assets minus debt to be 22.5 mil. How are the values of assets assigned, would the Nevada THC property be booked as 8Mil or 20-25mil ( apparently what a company will pay to acquire it)? Their last MD&A showed 25mil US of assets, but I think they can get a significant ROI on those assets if they sell. What I'm getting at is from a price-to-book perspective, CROP may be significantly undervalued, even if they have to sell all their assets and pay off debt there could still be a +20% return (or significantly higher) from these price levels. Thoughts?