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Sonic Corporation (SONC) Message Board

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  • tenncpa tenncpa Jun 23, 2010 10:11 AM Flag

    Why does Yahoo list the book value at .07?

    The .07 book value per share is arrived at by dividing the number of shares outstanding(61.2 million says Ameritrade)into the $ 4 million equity. However, the $ 873 million paid to buy back shares should not be ignored.

 
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