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Lihua International, Inc. (LIWA) Message Board

  • iq180plus iq180plus Mar 15, 2013 8:47 AM Flag

    Current assets including $4.82 share of cash, minus liabilties is now $7 per share.

    In other words if they bought the company for 7 dollars, one's net cost would be nothing if one took cash, recievables and inventory into account.

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    • elpasojet Mar 15, 2013 9:02 AM Flag

      LIWA book value is already $9.30 going to $11.50 in 10 more months. I guess CEO feels he has complete control of LIWA future and he has proved to US market that he can achieve growth without the helping hand of any investment bank, he is completely content with owning a $300MM company with $144MM in cash and still growing. His point is "LIWA is self sufficient, and if you don't like it, don't buy the stock".

      • 1 Reply to elpasojet
      • You got it perfectly. He can do whatever he wants with the stock price if he so chooses. I think he is perfectly content with growing and exploring this CCA Cable business. He needs the cash so he is stockpiling. He is simply investing back into his (not public) company. You can take a ride on the train he is engineering or get off, he doesn't really care as he already got the influx of cash that he wanted. I think we stay at about 1.25X cash going forward which is still a steady climb and wait for the day he wants to pay himself a dividend and they we all win big until then I will be in the back of the train enjoying the ride as I have no control of the private/public company as Wall Street doesn't either. I am going to load back up with any dip below cash.

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