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Blonder Tongue Laboratories Inc. Message Board

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  • rothingham rothingham Feb 3, 2012 5:46 PM Flag

    BDR purchases RL Drake...

    Good writeup.
    Congrats on your successful trading of this stock -- unfortunately this has been one of my buy and holds over many years. I keep holding because it is priced so far below tangible book value that I agree - I have been waiting for someone to buy BDR, not the other way around.

    BDR is priced around 1/3 of sales. The new compnay will be purchased at around 1/2 of sales, so they are paying a higher price tag. Lets hope the new purchase "raises all ships" or in other words, I assume they must have some degree, however small, of profitabiilty?? And thus, maybe for starters, the entire new entity will be trading at at least 50% of sales. Anyone know if these guys are profitable?

0.67+0.03(+4.69%)Oct 8 4:00 PMEDT