They have cash on the balance sheet too but which numbers do you use? You would think the damn reporters would do this too but obviously they don't know how to either.
Net cash and debt and you only have 150m debt.
CTB is a screaming buy considering its product line, P/E ratio and high probability of lower input material costs.
OK. Never mind. I see that was the old offer. So, they haven't made a new one?
I say screw this deal. We can get better down the road. And maybe from someone that the Chinese respect.
There is only one offer and it is $35 per share. Shareholders voted on that offer and said yes.
End of story.
All this garbage coming out in recent pundit press releases is just that... garbage generated by sewer rats.