EXPM:LNGYF - Post by User
Post by quicksilver545on Jun 23, 2016 3:01pm
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Post# 24992238
Should I take the plunge?
Should I take the plunge?Hey Sherbrooke,
I am a deep value investor, like yourself, and am curious about this play. I see on the balance sheet they have about 7.2 million in cash, 2.9 M in assets, and let's say 1 M in liabilities. At a market cap of 3.18 M, it seems like there's value here. Are there other liabilities that we are not aware of? What are the chances of a ROC or dividend, similar to what happened with PDQ? Does this stock have high insider ownership? What are their plans for the future? Cash burn rate?
Anyways, I really appreciate your insight. Also considering the AOS play.
Unfortunately, I'm embroiled in the PFC debacle, so hopefully I will make it out of that one with minimal losses. In at 7c a share. Thankfully, did well with PDQ.
Any other deep value plays on the horizon that you can recommend?
Cheers!