Post by
Cougar3 on Oct 10, 2019 4:24pm
Reasons to be Optimistic
1. Current market cap of less than $25 million
2, Current Enterprise Value less than $50 million
3. Current Price to Tangible book value .21
4. Book value of 54 cents a share as of 6/30/2019
There appear to be three market makers than seems to move in concert to keep the spred wide between the bid and asked. The dollar amount of trading to take the stock down 5 to 10% if often on a couple thousand dollars or less.
Bottom line as I see it, is the true value of the company bears little resembles to its current price.
I am reminded on famous investor Bill Miller reply when asked what does he do when he finds a stock he likes and owns that is selling at a bargain price but falling sharply in price? His reply was, " I continue top buy until I can't get a quote!" And, tht is my game plan too........ with monies for which I can afford a complete loss!