Conversion Solutions Holdings (fka CSHD)

[schadenfreude]

Have,
Yes, Intuit and Whole Foods trade at large multiples of book value. That wasn't the point I was making. I was showing that large, well-established companies with huge revenues don't have book value in the billions of dollars as Rufus claims for CVSU. But let's think of it in another way. Book value is like net worth. Earnings increases book value. If a company had book value of $1 billion last year and earned $100 million, new book value is $1.1 billion (unless they bought/sold their own stock etc). So increasing book value by $2.6 billion (Rufus' claim) is the equivalent of $2.6 billion in earnings. $2.6 billion!??! If he can do that with these bonds, why bother doing anything else? Who needs AISS. Consider this:

In 2005, Boeing earned $2.5 billion. Lockheed Martin earned $1.8 billion. General Dynamics earned $1.5 billion.

So without selling a thing, CVSU has managed to outdo the three largest defense contractors in this country? It's ludicrous.

I'm tellin' ya. Book value is the key. Ask your Wall Street guy about it. Break out your old accounting text book. It does not mean what Rufus says it means.