How Stupid are the Sheep So, here we have a company with a book value of $805 million ...$9.50 per share..of which $ 750 million is in cash and investments..$8.75 per share..with $500 million of that cash remaining after buying a strong cash flowing business ...$5.90 per share ...selling for $3.60.
I am buying whacks.
Cash by itself is always severely discounted by the market as it does not earn a single cent, but invested with a nice ROI like todays acquisition , it will earn its keep and more .
So, keep dumping you sheep .
I still have plenty of cash..