Book value =$7.118 using 14.758 wav shares outstanding. Buyback has stopped
No shares bought back since July 6th. They had bought back 88000 from May thru July at $2.99 avg.
Not sure why they stopped now as they have $2.7 million left under their authorization.
. The Company also develops and manages commercial retail real estate. Currently the Company owns and operates two shopping centers located in Florence, Alabama and Gardendale, Alabama, respectively, comprised of a total of 254,000 square feet.
The Company has three reportable operating segments: retail trade; electronic commerce trade; and real estate development and management. The Company previously reported two operating segments, retail trade and electronic commerce, however due to the expansion of its real estate development and management operations, the Company has now included its real estate segment as a reportable segment along with the retail trade and electronic commerce segments. Prior periods have been updated to reflect this change in reportable segments.
The vast majority of the books are returnable for a full refund. So BAMM really does not have much inventory risk.
Looks like they will be deploying their excess cash into real estate and then hopefully will manage the continued book sales decline well over time. With them closing stores where they dont make financial sense to stay open.
TWMC did that very well and I expect BAMM will be able to also. (Closing stores without massive writedowns)