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Cobra Electronics Corporation Message Board

  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Feb 26, 2011 12:31 PM Flag

    I see...

     

    a market cap of approximately $25 million (at $3.86 per share).

    I see 2010 sales of $110 million and gross profit of nearly $30 million.

    How about selling the whole thing for (to pick a number out of the air) $40 million to someone who can eliminate a lot of SG&A? Is that too simplistic or too much to ask?

    I don't have much over 1% and therefore won't have much say in the matter...

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    • Samurai man(sword) agree with you and would add the following:


      The book value $ 5.38 PER share 12/31/2010
      Tax valuation $ 1.08 PER share 12/31/2010

      $ 6.46 12/31/2010

      BRAND Name $ ?.??

      ---------------------------------
      Total $ ?.??

      They expect MORE earnings For 2011.( conference call)
      Continued margin improvement in 2011. (nice improvement in 2010)
      New products gaining/continuing positron momentum. (cc)
      Planning on investor presentations 2nd qtr. 2011
      (have not done this in a long time )
      -------------------------------------------------

      2010 $ .24 EARNINGS

      2009 ($ 1.59) LOSS

      2008 ($ 2.91) LOSS

      2007 ($ .68) LOSS

      2006 ($ .25) LOSS
      ______________________________

      Open for debate, but this seems QUITE dramatic ??
      Open for correction, on all the above.

      So yes, cobralookingood IMHO very good indeed.

      Like I said before double digits here seem possible, IMO
      Momentum building
      $4.24 was a new multi-year high on 2/25/2011 and this trend has been going on for some time now.

 
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