$3.7 stock with $11 per share cash:
TECUA:NASDAQ. From Q3 report:
Cash will ncreases to over $200 MM or $11 per share at December 31 2008 with no long term debt:
As of Sept. 30, 2008, the Company reported total cash and cash equivalents of $126.1 million.
Subsequent to the end of the third quarter, the Company has also begun to receive cash refunds from the Brazilian government for pre-paid non-income taxes. As of the end of October, and based upon the exchange rate between the U.S. dollar and the Brazilian real as of the end of the third quarter, the Company had received approximately $53.5 million in refunds. Further refunds are expected by the end of 2008 and into 2009.
TECUA has always been historically very profitable trading over $30 per share. Wealth with no risk.
