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Re: ur1951rck post# 2441

Wednesday, 03/16/2016 8:48:48 PM

Wednesday, March 16, 2016 8:48:48 PM

Post# of 3051
Yes, and long-term investments (or "etc" as you refer to them) are not "cash" or even current assets.

"Cash" consists of actual cash plus short term investments.

Working capital, which is current assets minus current liabilities is $26 million also.

So at the end of the day, as I've said several times, cash per share (and working capital per share) is about $1.20.

For a company that consistently loses money and bleeds cash, anything above that is a gift. And $2 is a very generous gift.

“No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people"
H.L. Mencken

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