company posted a Presentation to Shareholders on the co website last nite...no PR as of yet...kinda under the radar still
Current asset value of .58 is 2.3 times more than the current stock price...and that's BEFORE the share reduction to 30m from 38m. Really .73 per share.
Closed at .25 yesterday before this news
1st quarter PE Ratio is barely over 3 at current stock price...$533,000 net profit in first quarter with real operations since the acquisition and since the first TV station went live on Charter Cable.
now has 2 TV Stations 2 Radio Stations and a cable subscriber bus that did $980k rev and $533k net profit in its first operating quarter
It just doesn't get better than this. This is the type of grossly undervalued stock that we spend our days looking for.
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