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Gencor Industries Inc. Message Board

  • all4wishes all4wishes Sep 30, 2008 2:25 AM Flag

    cash per share $7.1

    Not surprised to see Gencor unchanged in this market collapse.

    In my 25 years of investing, I have never seen a profitable company trade at 10% above the value of cash and 30% below book value, where there are no intangible assets. Plus, if there was a mark-to-market adjustment on the PP&E, the value would be even higher.

    Cash is king in these times.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • but they say they are going to buy companies with the muni bonds and stock portfolio...one would think the value of the munis and stocks have decreased.Remember there is not anyone who that is long here that is ahead since the company got re listed on NASDAQ hence tax selling.company has had buyout offers and is marginally profitable as a stand alone .

      • 1 Reply to beanbean714
      • I'm underwater in my investment in Gencor as well. For that matter, I'm underwater in all my investments now.

        If you look at Gencor's income statement, you see that there is a line for inc/dec in value of marketable securities. So, mark-to-market adjustments are made each quarter.

        My guess on why they haven't done a deal is they probably can't get financing, even though they have a chunk of cash to put down.

 
GENC
10.01+0.03(+0.30%)3:19 PMEDT

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