Replies to post #3445 on Global Value Investing

[burzian]

Found this amazing analysis of Elron, hope it helps http://seekingalpha.com/article/2727255-elron-electronic-industries-bargain-price-with-outstanding-potential?page=2

[MNT]

ELRNF

I think its misleading to quote the numbers off.
The numbers provided were as of 31 Dec 2013 since its traded OTC:BB.

Their last balance sheet cash figure was about US$120m+ and since they announced dividends (record date is Aug 2014), current buyers have no right to that US$110m cash distribution.

So their current balance sheet cash is about US$10-30m thereabout only, assuming they did not take on debt this year.

So in essence current price is what you value their pipeline + the cash as well as assuming Moshe Ben will continue the good work. Given Imaging was one of their crown jewel in their portfolio, havent checked the rest yet. Ive heard good things about him and IDB (owner of Elron)so that aspect is fine.

[MNT]

ELRNF

I think its misleading to quote the numbers off.
The numbers provided were as of 31 Dec 2013 since its traded OTC:BB.

Their last balance sheet cash figure was about US$120m+ and since they announced dividends (record date is Aug 2014), current buyers have no right to that US$110m cash distribution.

So their current balance sheet cash is about US$10-30m thereabout only, assuming they did not take on debt this year.

So in essence current price is what you value their pipeline + the cash as well as assuming Moshe Ben will continue the good work. Given Imaging was one of their crown jewel in their portfolio, havent checked the rest yet. Ive heard good things about him and IDB (owner of Elron)so that aspect is fine.