RE:$890 million in Cash and Investments…$9.75 per sharenot sure to agree on what you qualify as liquid investments :)
but if we consider just short term stuff and cash:
1-plm deal (in 6 months): 490$m can
2-plm deal in 2024: potentially up to 25m$ can additional
3-cash and short term cash as of last quarter relase minus 30$m invested on tradex: 50$m can
so in 6 months: 530$m can in short term stuff = close to 5.80$
so yeah, stock price is close to cash value and rest of asset is discarded. quite an anomaly,
you see this usually on major corrections or when management has no credibility (which is far from being the case here)