Post by
Angles on Sep 10, 2021 2:55pm
Only a 56 cent per share premium
Based upon the closing price of $1.33 on September 09, 2021, Questor Technology’s book value was $36.5 million (27.435M shares outstanding X $1.33 per share). Therefore, it is only trading at a 56 cent per share premium over their last listed cash holdings amount. Here is my math, $36.5 million book value minus $15.4 million in cash equals $21.1 million net, divided by the share count which then equals 77 cents. $1.33 minus 77 cents is the 56 cent premium I describe.
That premium includes their total assets (which is all their technology know how and advanced designs, new divisions with all kinds of product developments, patents, the complete 120 unit rental fleet, other parts and inventory, work in progress, receivables, any current bank money and almost anything else of value) less any of their few liabilities. Sounds way to cheap to me???
Again, in my opinion, THIS IS RIDICULOUS, if they are ever going to do and get done any of the future plans and projects they have already stated. Obviously, the stock market is saying at these price levels … that is not going to happen soon or if at all. I still BELIEVE IN QST (somewhat, not as strong as previously) IF management can get off their buts and get these things happening fast and completed, as I have said many times before.
Hey, I wish I had 77 cents times the 27.435M shares outstanding and could somehow buy the whole company with that. Of course, that would never happen, but I am sure I could run Questor faster, stronger and far more profitable with much better returns for shareholders than the current management. Yes, I am sure of that! I would love to hear what everyone else thinks are possible for the future and stock price of Questor and when?
Angles.