Sentences with phrase «for the liquidation value»

In «Security Analysis» Graham describes how current assets available for shareholders, i.e. current assets - total liabilities, can be used as an approximation for liquidation value.

It show a comparison of compound average returns from shells and Special Purpose Acquisition Companies (SPACs), which we previously discussed in the post, Blank checks: Fertile fishing grounds for liquidation value investors:

-LSB-...] on the March 31 financials we get NCAV, which is likely a good proxy for liquidation value, of $ 33.2 m (27.7 m cash +12.5 m receivables - total liabilities of 7m.

If there was ever an investment style that should suffer from too many practioners, Graham's «net current asset value» proxy for liquidation value investing is it.

We haven't looked at any of these in detail, but they might present a happy hunting ground for the liquidation value investor.

People weren't buying the company for its liquidation value; they were buying it because they thought St. Joe Company's land would be worth more in the future.

Not exact matches

Common equity classes are considered to be a call option with a claim on equity value at an exercise price equal to the aggregate liquidation preferences for the preferred equity classes.

Instead of measuring the liquidation value of a company, it measures its zero - growth value, which is a better baseline for equity investors.

Accounting rules are designed to give the best estimate of liquidation value for debt investors, not to measure the capital used to generate returns, which is what matters to equity investors.

Accounting book value is meant to measure the potential assets available to investors in the event of liquidation, and that's simply not a very useful measurement for most equity investors.

This can be expressed as a multiple to the investment amount (2X or 3X, for example), or as a «double - dip» — the investor's right to get their money back, plus an amount equal to the as - if - converted value (that is, the amount the investor would receive on liquidation had they converted their preferred shares to common shares).

Liquidation Value - The amount for which the assets of the Company can be sold, minus the liabilities owed, e.g., the assets of a bakery include the cake mixers, ingredients, baking tins, etc..

Because the company needs to value to its outstanding debts and assets during the liquidation process, it's pushing for a final conclusion to the SGEIS process.

The higher the price paid for the cow relative to its «liquidation value,» the higher the risk.

Some inventory may have little to no liquidation value, and if that's the case, you'll have little luck getting approved for financing.

The degree of risk was how much you paid for the cow relative to what you could get for the «meat on its bones» (the liquidation value).

An individual's value to his creditors at time of filing a consumer proposal comprises his assets valued at liquidation (auction) pricing (that may be a garage sale for your furniture and household goods, the wholesale cash buyer for your car, or the pawnbroker for your jewellery) after deducting exemption in prescribed, legislated amount (s) for car, household goods, clothing, tools of the trade, medical aids, home, life insurance, pensions, RRSP, etc., which amounts to little or nothing for the large majority of us, less than our debt in any case.

The difference between our estimates for NTII's net cash value and its liquidation value is the $ 9M in ARS, which we've discounted by 20 % to $ 7.2 M, and which the company believes will eventually yield full value.

We estimate its liquidation value to be 57 % higher at $ 13.9 M. Brean Murray Carret's original 13D filing disclosed its intention to tip out ARCW's board and «nominate an alternative slate of directors for election to [ARCW's]'s Board of Directors at the earliest possible opportunity.»

We are frankly surprised that the Board has not previously addressed our concerns by affirmatively and unequivocally agreeing to proceed only with a transaction that provides for stockholders to receive no less than the Company's approximate liquidation value.

There is no need, nor reason, to waste time or shareholder resources on advisors or to delay the liquidation process in order to explore risky alternative strategies, courses certain to result in further diminution of value for all shareholders, when the majority of the stockholders of the Company appear to have already made their views perfectly clear.

Three activist investors, Biotechnology Value Fund (BVF), Millennium Technology Value Partners and Highland Capital Management, hold approximately 45 % of NTII's outstanding stock and have called for its liquidation.

Our updated estimate for the company's net cash value is set out below (the «Book Value» column shows the assets as they are carried in the financial statements, and the «Liquidating Value» column shows our estimate of the value of the assets in a liquidatvalue is set out below (the «Book Value» column shows the assets as they are carried in the financial statements, and the «Liquidating Value» column shows our estimate of the value of the assets in a liquidatValue» column shows the assets as they are carried in the financial statements, and the «Liquidating Value» column shows our estimate of the value of the assets in a liquidatValue» column shows our estimate of the value of the assets in a liquidatvalue of the assets in a liquidation):

IF Soap received something like 4.5 mm for software asset sale, the rest of the liquidation items could come in at the minimum (including the lease terminations) and soap would still have a value of appx.53, above its current.46.

We've written previously about Chapman's fondness for «asset - rich companies with battered stock prices,» which sees him frequently operating in the universe of stocks trading below liquidation value.

For example, if you look at a company like Moody's or American Express, you couldn't invest in these based on liquidation value.

Alternatively, if the company flounders and files for bankruptcy, your fractional shares will have a superior priority claim to the liquidation value of the fractional shares than the senior bondholders and other shareholders.

Basically, Graham was looking for stocks that were selling for 67 % of liquidation value.

Any shareholders remaining in the fund on the distribution date will automatically have their shares redeemed for cash at the net asset value as of the liquidation date.

The first being Benjamin Graham's net current asset value method that looks for companies trading for less than two - thirds their current assets less all their liabilities, which is a rough measure of their liquidation value.

During this period it was possible for businesses to be bought at less than liquidation value.

The estimates of liquidation value in the DEF 14A may have been good at the time, but the situation has certainly changed for the better.

also I realize that you're being ultraconservative when you mention that the the liquidation value if all liabilities were subtracted, but in this case this will not apply for the lease liabilities in my opinion.

While our Board considers the inability to continue its strategic process unfortunate, it has abandoned discussions for a strategic transaction and intends to develop a plan that will maximize liquidation value.

Posted in Activist Investors, MRV Communications Inc (OTC: MRVC), Stocks, Value Investors for Change, tagged Activist investment, Liquidation Value, MRV Communications Inc (OTC: MRVC), Net Current Asset Value, Value Investors for Change on October 8, 2009 2 Comments»

Posted in Activist Investors, MRV Communications Inc (OTC: MRVC), Special Situation, Stocks, Value Investors for Change, tagged Activist investment, Liquidation Value, MRV Communications Inc (OTC: MRVC), Net Current Asset Value, Special Situation on August 25, 2009 1 Comment»

We believe this methodology provides for a fair assessment of the potential liquidation value of the Company's balance sheet.

In that post, we assumed between $ 6M and $ 6.5 M in cash burn for the quarter and $ 3.9 M in contractual obligations, which would have reduced the per share liquidation value by between $ 0.64 and $ 0.67 per share at June 30 and equated to a per share liquidation value of between $ 4.57 and $ 4.54 at June 30.

alternatives to creating value, we have reviewed your proposal for the liquidation of the Company.

We estimated the liquidation value to be anywhere from nil to $ 259M or ~ $ 10.85 per share and the net cash value from nil to $ 228M or $ 10.54 per share, so it wasn't a typical liquidation play for us.

If this was my case, I'd probably submit a limit sell order so as to try and pick out a high for the timing of my liquidation, and lower my limit vs fair value as it got closer to the expiration of your ability to hold the parent company stock.

Is there an easy, or not so easy way to determine liquidation value for a co. like GLF?

We have adjusted the September 10Q balance sheet to account for the sale of the SEN JV and to back out several other payments and projected it forward to March (the «Book Value» column shows the assets as they are carried in the financial statements, and the «Liquidating Value» column shows our estimate of the value of the assets in a liquidatValue» column shows the assets as they are carried in the financial statements, and the «Liquidating Value» column shows our estimate of the value of the assets in a liquidatValue» column shows our estimate of the value of the assets in a liquidatvalue of the assets in a liquidation):

Interested as I am in the firm as a going concern, as opposed to its liquidation value, I would likely assess the probability of a cash shortage and that would lead to an estimated cost of capital for future CF, but if I discount further the value of negative CF there's a risk of double dipping on the cash burn situation.

One reason for calling such purchases bargain issues is that usually net - current - asset values may be considered a conservative measure of liquidation value.

For each client who invests in a participating hedge fund, you can charge fees based on the Annualized Percentage of Net Liquidation Value of the current value of the client's investment in the Fund and / or the percentage of profit and loss of the client's investment in the Fund, as well as configure the fee posting frequency (monthly or quarteValue of the current value of the client's investment in the Fund and / or the percentage of profit and loss of the client's investment in the Fund, as well as configure the fee posting frequency (monthly or quartevalue of the client's investment in the Fund and / or the percentage of profit and loss of the client's investment in the Fund, as well as configure the fee posting frequency (monthly or quarterly).

For a subordinate class, the right to accelerate most often is the right to commit suicide, because this action would likely result in a reorganization or liquidation where almost all, or all, the value will go to senior creditors.

The Royce Fund's Board of Trustees recently approved a plan of liquidation for Royce Select Fund II (RSFDX), Royce Enterprise Select Fund (RMISX), Royce SMid - Cap Value Fund (RMVSX), Royce Partners Fund (RPTRX) and Royce Global Dividend Value Fund (RGVDX).

To sum - up, we wish to find stocks that are attractive in the activists» view due to untapped potential, which said activists can unlock by e.g. distributing cash holdings, stop value - destroying activities, optimize capital structures or advocate for a merger or liquidation.

If a company is trading for less than it's liquidation value, it's a good bet the market thinks the company is worth more dead than alive.