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News Corporation Message Board

  • mntndo67 mntndo67 Aug 13, 2012 11:35 PM Flag

    News Corp valued about $15

     

    Why does this keep going up? What does it have going for it?

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    • My Friend:

      I believe your math is way to liberal. And as we all know liberals don't do well with News Corp. Here is my rational, math and footnotes:

      (1) two weeks ago NWSA reported $25 billion of net equity, including (2) $24 billion of various intangible assets, (3) these intangible numbers are all related to various print related assets which NWSA is about to sell, for significantly less than what they/we paid to own them, (4) in other words, the intangibles are worthless and will be written down to zero, as these assets are sold off;

      $24 billion of worthless intangibles divided by $25 billion of net equity equals the net asset value, reported by NWSA is 96% intangible. 4% X $25 billion equals a tangible net worth of $1 billion.

      Current stock price of $23 X 4% = $.92 (that's 92 cents), not your $15 liberal valuation.

      See page 161 of this link;

      http://www.sec.gov/Archives/edgar/data/1308161/000119312512355856/d389171d10k.htm#toc389171_21

 
NWSA
18.29+0.18(+0.99%)Jul 24 3:59 PMEDT

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