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/financialswas 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!!!
The numbers are from the end of 2010. Now, it's a totally different story.There probably wasn't much of investments in capex and working capital for 2011. The earnings have dropped but cash should strenghten significantly.I think that management will again evaluate going private after what happened to ABAT. Apart from the market risk, we are talking about a new type of risk: regulator risk. :_D
If this company had 90 million in cach it would not be trading at 0.43 cents,i think this is a scam and eventually goes to 0
that's so sad ... when will I ever see any of that money ...I'm wondering if I'll see $0 instead ...certainly you cannot get anyone excited anymore about buying this stock, not until there is some significant positive news (beyond just random news articles and speculation)
<<I'm wondering if I'll see $0 instead ..>>if you think you'll see $0, you can always sell and move on.