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ModusLink Global Solutions, Inc. Message Board

  • scorpio_al_sahaff scorpio_al_sahaff Jun 26, 2012 10:58 AM Flag

    Break-up value question ?

    What would be the break-up value of this stock ?
    - Cash
    - Core business
    - TFL/e-commerce/Repair
    - Ventures portfolio
    - Tax losses

    The current price equals less than Cash + 1$ for all the rest.

    Seems like any news of any kind on the strategic review process would make the price move 1$,2$,3$ up, depending on the outcome.

    Removing the poison pill, would allow Steel partners buy in the open market, making the stock move back to 6$ level.

    That's a 100% gain from here ? Is it possible ?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • you need to check your math and read the filings.
      cash position ~70M
      Core = ? 30M?
      AMS/ecomm = 12M
      @ventures = 5M tangible
      tax losses 200M

      there's no way you get 6$/shr out of that.
      ~14M of the cash position as of 12/11 has been spent on Alvarez, proxy battle and goldman/strategic alternatives.

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