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Enterprising Investor

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Re: today32 post# 98

Saturday, 09/14/2013 10:23:03 AM

Saturday, September 14, 2013 10:23:03 AM

Post# of 796
Keep your eye on the ball.

How much would Warren Buffett pay for a low-tech business producing $2.3 billion in income? Now change the "b" in billion to a "m".

GLGI generated $2.265 million in income in 2013. The business has a market value of only $9.76 million (fully-diluted basis at $.36 per share). This comes out to a earnings yield of 23.21 percent, which, of course, translates into a PE of 4.3.

The savings is irrelevant. Management will actually be stealing the business from tendering shareholders.

Those with degrees from the Cox School of Business are generally pretty sharp.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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