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Leading Brands Inc. Message Board

  • leprechaunwood99 leprechaunwood99 Oct 6, 2012 10:54 PM Flag

    hard to believe no one has bought LBIX


    I noticed the book value is around $4.13 based on their recent balance sheet and that amount coincides with a $4.13 Level II bid from UBSS.

    It should only be a matter of time before this moves higher but it's not unheard of for a stock to trade below tangible book value and sometimes a stock will even trade below working capital per share. However, what's unusual here is that LBIX is also earning money and this stock only has a PE of 9-10.

    Why wouldn't PE snap this up?

    This topic is deleted.
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