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  • queen_anne_22 queen_anne_22 Apr 23, 2011 3:17 PM Flag

    Heads I lose a little - Tails I win big

    According to Dec 2010 Balance sheet:

    Current Assets = 337 million
    Total Liabiltites = 117 million
    Current Assets minus Total Liabilities = 210 million

    Shares outstanding 44 million

    210/44 = $4.77

    So $4.77 is the floor, but of course NTE has a good franchise with positive cash flow thus making it worth a lot more. They had 28 million in free cash flow last year which is 63 cents a share.

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