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Electro-Sensors Inc. Message Board

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  • dbtunr dbtunr Dec 10, 2003 3:36 PM Flag

    AUGT tanking

    AUGT up $1.9 from its low today, still down 62c

    pretty good reversal. Looks like maybe a bid insider sale took out a bunch of stops. Betcha some bodies butt is getting reamed for setting off a panic

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    • It sure looks as though it chilled the bidding in ELSE, didn't it?

      Even if you assumed the position in PPTV is worthless (which, of course, is not the case) and that AUGT fell back to $13 a share (which is certainly not inconceivable, but a long way down from here), it's still almost $4 in value per share between cash and AUGT stock, after taxes.

      I suppose their will always be a discount in ELSE's price to account for illiquidity and such, but it still looks attractively priced even after a drop in AUGT.

      • 1 Reply to psquared11
      • I firmly believe for ELSE to gain some liquidity and to see the share price rise, it most post positive core earnings. It would appear with manufacturing doing well, that ELSE could see anywhere from +5c -> +10c this qtr in core results (minus PPTV and AUGT but including Autodata)

        If the core earnings do that well, then cash will have been generated in excess of what is paid out in dividends from core operations. Extra cash will be gained from selling off AUGT.

        All this cash is useless to ELSE. They need to increase the dividend to 5c. It makes no sense to hold all that cash. With a yield over 5%, it will surely gain some momentum.

        at $3.60, the yield is 4.4%

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