Since they refuse to buy back shares ( they could have purchased a couple of million shares for this amount of cash ) blowing the $ on this kind of deal is understandable. In fact, this is mild compared to some prior efforts
Good question. Tran can't get a positive ROA with $70+M in cash so, in my opinion, you will be a lot older than you are now before there is a meaningful PE
You get the picture even though you don't understand the point. Check SIGM financials and you will see the red numbers, relative to my comments, that have been there for quite some time.
Don't hold your breath...he is 61 and still riding the Tran gravy train. Fat City all the way to the bank...life is good
take a look at Tran's July 19th gift to himself of over 1.1 million shares and then you can see the problem here. Add in no return on equity and over all operating loss. These folks have north of $200 million in revenue and still can't get past their gift packages when the dust settles...nothing left on the table for investors. Not so very long ago they has over $140 million in cash much of which got pissed away on poor investments that may or may not have lined Tran's pockets. Think of it $60 million down the drain with absolutely nothing to show for it and...before that....many, many other sour "deals"
Maybe , Byron, but it would be a tough just to keep pace with options being granted ...it is, and has been for many years, fat city for Tran and troops