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công ty CHINA INTEGRATED ENE Message Board

  • acorisk acorisk Nov 29, 2011 7:22 PM Flag

    balance sheet on cbeh website $90 million cash and $23 million inventory

    7:75 to 1 = ratio of [current assets (cash + inventory + modest receivables + prepaid expenses)- liability] to share price.....

    Thoughts? Bargain? How big a bargain? Overpriced? How much overpriced? Why / Why not? Any new data?

    ------------------------------------------

    Decided to look over CBEH website (better than watching paint dry or the ticker on CBEH, waiting for the news from the investigation)...
    http://ir.stockpr.com/chinaintegratedenergyinc/financials

    was audited...but original auditors bailed in the china stock quagmire.

    Current assets:
    90 million cash. 23 million inventory. 43 million other current assets... $156 million... (+ 10 million receivables, prepaid expense etc.)...

    non-current assets 98 million.

    total = $264 million assets.

    Liabilities = 34 million...... Stockholder equity....

    230 million total. (current assets - liabilities = 132 million!)

    39.5 million shares.... So... Current assets - liabilities = $3.34 / share. Share price = $0.43. ratio Current assets - liabilities to share price = 7.75:1!!!

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