Not exact matches
Mostly, I expect to save money with an ereader over a physical
book, because I
do not get a
tangible object of any
value beyond the intellectual property that I can borrow — until the content provider, be it Amazon or B&N decides to remove it from my device.
I'm
doing a lot of work on bank stocks lately, looking at a lot of cheap stocks selling for significantly less than their
tangible book value.
This analysis
does not even take into account the
value of Aviat's long - term assets of $ 61 million, or $ 1.02 per share, which, when added to net current assets of $ 3.35 per share, equates to
tangible book value of $ 4.37 per share.
How
do you calculate
Tangible Book Value, is it just Book value with Goodwill subtracted from total as
Value, is it just
Book value with Goodwill subtracted from total as
value with Goodwill subtracted from total assets?
This being retail, actually the former is probably more appropriate, but you can't teach an old dog new tricks; I have always liked to use
tangible book value as a proxy for intrinsic
value, so that's what I
did here.
Tangible book value is of interest to me because I assume it more closely describes the likely
value of a company in liquidation than
book value does.
Unfortunately, we were restricted from buying back more stock when it was cheap — below
tangible book value — and we
did not get permission to buy back stock until it was selling at $ 45 a share.