Book value $12.85 and cash value $11, EPS $1.6 AND P/E 4.
Dividend $0.20 and stock buy back plan $60M before 2015.
IPO price $14 and historical high $18.
Sentiment: Strong Buy
The market does not believe this company's book.
So what do we do now?
If I were the management, I should speed up the $60M stock buy back plan to prove it's not a fraud.
Get in before November 18 if you wish to receive the $0.05 dividend.
It's not much but not bad as a gift.
Way undervalued and it should shoot $7.5 soon.
Still haven't figured out the book value of $11.55?
Haven't figured out TPG bought 6 million shares at $5.48?
Why the Bovine Scat?
TPG invested $100M at a cost of near $6 on this August.
Did I miss the dividend or is there still time