Sulja Bros. Building Supplies, Ltd (SLJB)

[Tuslog28]

the problem for us is that the market has discounted the value of SLJB because of how it has been managed. the value of good will in SLJB is pretty close to zero but as a number good will should be valued as considerable due to its origin as a family-owned business in business for 24-25 years. since the value of good will is pretty much zero, the value of the company going forward so far as we know to be verified is inventory, vehicles, property (if any), cash in the bank, accounts receivable and that's about it. with that in mind, a value of 1.5 - .03/share is reasonable or so the street says.