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Schmitt Industries, Inc. Message Board

  • roboklerk roboklerk Jan 10, 2013 7:51 AM Flag

    Want to Know How Much Xact Product is in Inventory

    that they were unable to move in the just reported fiscal 2013 2Q. There is going to be a lot to "look at" (i.e. #$%$ the fair value of) in about 4 months when the fiscal year ends.

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    • Interim quarterly (10Q) financial statements are unaudited. You want to know what the true (at market realizable) value of that $2.68 per share in working capital is. Inventory is a part of that number. Only at fiscal year-end do you get the audited (fully vetted) number.

      • 1 Reply to roboklerk
      • the paradigm for valuing this co. has shifted (at least for me) to what it might be worth on a breakup value basis through sale or liquidation, rather than on a forward looking basis valuing it on estimates of future discounted cash flows or P/E. I will not value it on what I think either the base business or Xact might earn or generate in cash return in the future because that has proven to be highly erratic historically and certainly unpredictable.

 
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