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MikeDDKing

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MikeDDKing

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Re: MikeDDKing post# 156

Wednesday, 04/07/2010 4:35:58 PM

Wednesday, April 07, 2010 4:35:58 PM

Post# of 172
ZNCM has a book value of $6,243,951. However, that is significantly understated as their UPG shares are on the balance sheet with a value of only $3,347,697. Using a UPG share price of $3.40, which is the closing price today, those shares are worth $6,966,158. So, the true book value of ZNCM is $9,862,412 or $0.99/share. Therefore, ZNCM is trading at a significant discount to it's book value given that the last trade was at $0.565.

Mike

SwingTrade is my favorite board - #board-1781

Due diligence on my favorite stocks is located on the sticky note on the SwingTrade board.

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