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Gencor Industries Inc. Message Board

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  • all4wishes all4wishes Aug 24, 2009 7:34 AM Flag

    earnings hit

    do they want to? probably.
    Can they? doubtfully

    A private transaction would be above $10 per share (book value) and probably closer to $14-16.

    That translates to $130-150M enterprise value, less $60M in cash or $70-90M. They wouldn't get financing.

    The good news is that this stock is trading at cash value and should have great upside when highway spending kicks in.

9.24-0.15(-1.60%)Jan 23 3:59 PMEST

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