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SIGA Technologies Inc. Message Board

  • isaac_dji isaac_dji Aug 4, 2014 5:05 PM Flag

    SIGA's CASH of $114 MM is 78% of Its Market Cap ($148MM)

    SIGA's CASH ($114 million at the end of July 2014) represents 78% of its market cap of $148 million. Since SEGA has no real debt (which is easily offset by inventory and accounts receivable), Wall St. seems to value SIGA's ENTIRE BUSINESS at JUST $34 million (market cap - cash).

    This extreme undervalue of SIGA is clearly a result of a downward overshooting. As a result, the current very low price of SIGA is not sustainable. .

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    • Litigation expense + uncertainty over how much of that cash will end up
      with Pip weighs heavily on the stock---In addition there is the perception
      that Management + Board of Directors are somewhat oblivious to
      the somewhat old fashioned notion that shareholders come first, as, well
      as oblivious to the concept that the meaning of "enhancement of shareholder value"
      involves the stock appreciating in PPS--not depreciating.

      The good news is that you probably do have many people that agree with you concerning
      the current low price as not being sustainable----the not so good news unfortuantely is that
      many if not most feel that such unsustaianability involves an even lower price as
      appropriate at this time.

2.60+0.0600(+2.36%)Oct 20 3:17 PMEDT