to compute break up value, use at most the tangible book value, don't count intangibles like goodwill. and use zero for value of cdm on books. and as far as the value of xintec, viscera, and wlcsp and other long term investments, i bet they're worth a lot less than what they are shown at on books.
plus, don't forget that a lot of tech companies in commodity space sell for a substantial discount to tangible book since it costs a lot to break up a company. and of course you have to consider values in other spaces like financials where they're selling at .5 to .7 of book. when everything else is so much cheaper than commodity tech, it brings down the value of that tech. jmho
It would never be .5 to .7 of book with the bulk in liquid assets...
There is also a lot of fat on the income statement that could be eliminated by a company consolidating the industry...that would mean a much higher EPS than what is on the books. You have to count it both ways, and I still say the upside trumps the downside. Regardless of what happens today. Hold on boys! Here we go