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S&P 500
5,447.87
(
-0.31%
)
US TECH 100
18,958.40
(
0.00%
)
Dow Jones
39,411.21
(
0.67%
)
Brent Oil
85.10
(
-0.20%
)
Bitcoin
60,796.80
(
0.89%
)
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PaigeCoverdale

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PaigeCoverdale

Re: Ecomike post# 1107

Tuesday, 12/06/2011 12:12:13 PM

Tuesday, December 06, 2011 12:12:13 PM

Post# of 2254
THE MONEY'S GONE! or Fu would repurchase some stock to give his shareholders confidence. If the price to book is really 0.11, then buying the stock is a no brainer. There is no downside for Fu. However, if the money is gone, and Fu and his cronies have embezzled it all. Then the price to book is probably more like 6, in which case the stock is worth about a nickel.
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