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MOD-PAC CORP. Message Board

  • rrtzrealmd rrtzrealmd Mar 28, 2013 1:31 PM Flag

    Worth considering...

    ...management's bid of 7.20 for the stock reduces risk..real book is at least $7.50...given that the company has been steasily profitable and given both revenues and earnings have recently turned quite strongly to the upside, I think a more reasonable price would be in the 40-50 million dollar range -- at LEAST...that would make it worth $13-15 per share -- at LEAST...

    ...patient investors could see a nice return...note that the thing is terribly thinly traded and difficult to buy without running into sometimes absurd spreads...

    Sentiment: Buy

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MPAC
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