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VSE Corp. Message Board

  • rrtzrealmd rrtzrealmd Nov 26, 2012 8:52 AM Flag

    $866 in cash?...

    ...seriously?...109 MILLION in receivables...44 MILLION in payables...and eight HUNDRED and sixty six dollars in cash?...what a joke! wonder they didn't include the balance sheet data in the earnings press release!...

    ...subtract out intangibles and goodwill and shareholder equity stands around a NEGATIVE 8 bucks a share!... I said in my previous post about "value assessment":

    "...indeed, compare the current 10Q with one from five YEARS ago when the comapny had $5 a share in cash, almost $20 a share that was in REAL assets -- minimal goodwill, intangibles, NO debt, and paid 28 cents a share in dividends (versus the current 32 cents)"

    ...I see nothing in the earnings report to indicate this thing is worth considering as an investment...

    Sentiment: Sell

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54.86Jul 6 4:00 PMEDT