ENDI Corp (ENDI)

[ihsstf]

If you look at their total stockholder equity on the last quarterly report it was $4,180,490. Subtract the $90,000 settlement and add the $900,615 that they are no longer liable for and you get: $4,991,105 which is significantly above the current market cap. Subtract the goodwill and you get about the current market cap. This ignores the income that will still continue to come in from the internet business (maybe $3.5M-$4M over the next 5 years) which could be spent on new properties and/or buying back stock. I think it is under-priced currently.