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Schmitt Industries, Inc. Message Board

  • roboklerk roboklerk Feb 4, 2013 11:33 AM Flag

    Asset Value is There

    But you can really only invest in this on a break-up value analysis of assets. It is simply "uninvestable" as an operating concern due to the unpredictable nature of income and inability to demonstrate consistent profitability. IMO the net working capital and some of the products could be potentially attractive in other hands.

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    • except for Xact which is likely worth very little. An albatross since its acquisition. I still cannot see how it does not get written off.

      • 1 Reply to roboklerk
      • ---you or I have no idea what Xact is worth. They did sell around $1 million of that product line to somebody. The question is does it work properly? And if it does work, what is the value of that revenue stream? Could the problem be that with such a small company, there is very little in the way of sales and support for a product line like Xact? If that's the case then perhaps a much larger company can take it and run with it in the future. But whatever the problem is, it would appear that we have some very aggressive sellers willing to unload at even lower and lower prices to escape this nightmare.

 
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