FormerXBC Inc XEBEQ

RE:Price-to-book ratios

[Gann999]

Not to take away from what you said because I completely agree with your point. However that said how much of xebec's book value is attributed to goodwill which is an intangible asset so if the company were to be broken up as you suggested shareholders would likely receive zero for intangible assets. As I understand it goodwill would only have a value in the event that the company was to be purchased for it's brand, customers and proprietary technology. Please correct me if I am wrong in this thinking but that is what I have gathered about it.

tamaracktop wrote: FuelCell trades at 4.06 times book value.
Ballard trades at 3.35 x book.
Plug trades at 3.72 x book.
Greenlane trades at 3.73 x book.
And, just for good measure, Ciello trades at 10 x book.

Xebec is trading at 1.29 times book value.
Its trading at very nearly the amount shareholders would receive if the company was broken up, the assets sold, the debt repaid, and the leftovers were distributed to the shareholders.

At these prices the market is paying virtually nothing for Xebec's growth prospsects,
and for its business model.

This is a rare opportunity.
Xebec is dirt cheap.

It's dirt cheap because a fraction of the shareholders are scared.
They're fed-up.
Emotions are playing a major role.

It won't last.
Emotions change.
Xebec will outlive us all.

At GreenLane's P/B multiple, Xebec would trade at $7.75.

Never underestimate the role that emotions play in determining stock prices.
That's all the market is.