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Gencor Industries Inc. Message Board

  • beanbean714 beanbean714 Jul 6, 2007 9:33 PM Flag

    bcinvestadvisor

    wanda sheft is the sister of houtin?Where did john elliot go off to?Lloyd Miller is a wealthy man?Could John of quit because the company will be sold?What could it fetch minus the cash?????????? The Orlando property any value?

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    • Yes, Wanda Sheft is the sister of Houtkin. I don't know where John Elliot went to. Yes Lloyd Miller appears to be rather wealthy.

      I have the operations valued at something near a range from $70 to $75mm. Add the cash of $55 plus any remaining payments from the partnerships and any residual value from the windup of those operations and you get a floor value of $125mm and maybe upwards of $150mm or more. That compares pretty favorably with the $88mm the street values the company at which places a value of $33mm on the remaining partnership payout, residual value of the partnerships and the ongoing operations. This is easy money.

      What value do you place on the company?

 
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