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Ballantyne Strong, Inc Message Board

  • blueskydriving blueskydriving Nov 14, 2013 6:54 AM Flag

    BTN significantly undervalued ... only a matter of time


    Last post on this board for awhile ... we all know my position here (literally 10,000 shares now) ... this reminds me a lot of this time last year when I was posting on the ABFS board about the potential to "double or more share price" when contract talks were settled ... at the time ABFS was trading in the low $6's ... it's now at $31.70 ... that board was largely unused ... anyone that posted said, "going bankrupt" or "show me" or "this is going nowhere" ... here is the deal ... Technicolor sold Convergent Media to Sony as part of their bankruptcy process in 2009 ... it was going to be the cornerstone of Sony transforming into Services ... Sony quickly changed their focus back to games/mobile, etc ... By the time BTN acquired Convergent Media, it was a fire sale after a bankruptcy sale ... BTN has not fully (or even partially) addressed the assets they just acquired ... they are not part of the balance sheet ... they will be significant ... and, they paid less than .4x Price-to-Sales ... and, they went from a company with significant assets in a declining projector sales business to a company with even more significant assets (although not as liquid) and significant growth ... last year's pick was ABFS ... this year is all about BTN ... glta

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