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Message: book value shows this stock undervalued by 50%

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jillsdad

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book value shows this stock undervalued by 50%

posted on Mar 12, 09 10:49AM

Here's some simple math to keep in mind. According to the latest financials, shareholder equity was $2,762,207 and there were 24,369,500 shares outstanding. That tells me the book value per share is $0.11. If you can get in at 5 cents which is the latest figure right now, you're getting it on sale at 50% off. glta

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