Cash Value ...As discussed yesterday, should look at cash value here ...
(A) As per the company today, $392,225,000 in cash and equivalents = $3.04 per share. That's the money-in-bank kind of number.
(B) I like to look at all financial assets (short/long) and in this case, that also includes the difference between Receivables and Payables as I expect they will recover the difference and bank it. That gets us to $5.11 per share. At this price the ROW is free.
(C) I also like to look at paying off the loans and seeing how much of the financial assets remain ... $4.73 per share.
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So ... as far as I'm concerned ... you're still getting a ROW in development for free when you buy at or below $5.11. Just my simply view.
Cheers