Sentences with phrase «liquidation value one»

The liquidation value of a business is a conservative assessment of its worth in which only tangible assets are considered and intangibles, such as going - concern value, are not.

This board's estimate of the liquidation value also excludes revenue from any sales of the MATH's existing inventory of field programmable object array chips or its FPOA technology.

So if they only had to pay $ 5 mm then we're at a $ 1 liquidation value.

The board's estimate of the company's liquidation value is slightly higher than ours, at $ 1.40 -LSB-...]

We believe that, given time, BGP will be worth more than its liquidation value, but, if we're wrong, it's still trading at a third of that value, which is a bargain.»

Posted in Activist Investors, MathStar Inc (OTC: MATH), Net Cash Stocks, S. Muoio & Co, Salvatore Muoio, Stocks, tagged Activist investment, Liquidation Value, MathStar Inc (OTC: MATH), S. Muoio & Co, Salvatore Muoio on May 12, 2009 1 Comment»

Behaviour like this — issuing stock at a discount to liquidation value when competing offers are available — raises red flags for us about KONA management's lack of regard for KONA stockholders.

Klarman's attitude to liquidation value investment closely accords with our own, and so we've reproduced below the relevant portion of Chapter 8 The Art of Business Valuation in Margin of Safety, in which he provides the basis for making such investments and outlines his approach to assessing liquidation value:

Posted in Greenbackd Portfolio, Liquidation Value, Stocks, tagged Activist investment, Greenbackd, Liquidating Value on April 10, 2009 3 Comments»

Normally we would ignore any apparent «trend» in the liquidation value on the basis that it would regress to its long - term mean, or stabilize.

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.

At $ 0.59 per share, NENG's liquidation value is 55 % higher than its stock price, which is a significant margin of safety.

Posted in About, Catalysts, Liquidation, Liquidation Value, Seth Klarman, Share buy - backs, Stocks, tagged Catalysts, Liquidating Value, Seth Klarman on March 19, 2009 10 Comments»

Following on from our earlier post, Seth Klarman on Liquidation Value, we present the second post in our series on Klarman's Margin of Safety: Risk - Averse Value Investing Strategies for the Thoughtful Investor.

Given that it has continued to generate positive operating cash flow and earnings in a difficult operating environment, we think ASYS represents very good value at a discount to its liquidation value.

Posted in Activist Investors, Liquidation Value, Net Cash Stocks, Stocks, tagged Activist investment, Liquidation Value, Net Cash Stock on July 22, 2009 8 Comments»

The slight reduction in liquidation value is a direct result of the additional stock on issue, which is the really TRID's whole story: management takes the value that should belong to the shareholders.

Rather than analyze liquidation value, which Greenbackd did in multiple incisive posts, or discuss the company's numerous challenges and opportunities, I examined tax issues discussed in HAWK's recent filings.

We estimate the liquidation value to be almost 60 % higher at $ 40M or $ 4.40 per share.

Interestingly, efforts to replicate the success Ben Graham and others had many years ago buying net nets or companies selling below liquidation value have not been as successful in recent years.

What Leon Cooperman is referring to here is that Warren Buffett, with the help of Charlie Munger, was able to evolve his value investing style when Ben Graham style cigar butts companies trading at less than liquidation value disappeared after the Great Depression.

Our board of directors considered the fact that we were in the early stages of considering strategic alternatives that could create more value for shareholders than the Tang Capital proposal, that the directors believed that continuing to execute on our strategic plan, which included conducting the PROSPECT II clinical trial and continuing to develop our Renova ™ Cortical Stimulation System, could ultimately create more value for shareholders than the Tang Capital proposal, and that management had prepared an informal liquidation analysis which showed that the estimated liquidation value of Northstar at that time was greater than the price in the Tang Capital proposal.

One mistake was that, by focusing on cigar butts selling for low single - digit multiple of earnings or a low price in relation to liquidation value, I missed out buying into higher - quality businesses like Asian Paints and Pidilite, which compounded capital at high rates of return for a long time.

On January 5, 2009 our board of directors concluded that it appeared unlikely that a business combination transaction at a valuation materially in excess of the estimated liquidation value could be achieved in the near term.

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 2 Comments

Our board of directors recognized that there was a potential for creating significant value for shareholders by continuing operations, but on balance our board of directors concluded that the risks of a negative outcome, either due to failure of our research and development efforts to yield a successful outcome, or the failure to obtain necessary financing even with positive clinical trial data, and the resulting lower liquidation value in the future, outweighed the potential value to shareholders from continuing operations.

the fact that we had vigorously and comprehensively explored strategic alternatives, including undertaking extensive efforts, with the assistance of a financial advisor, over a six - month period to identify a financial or strategic buyer interested in a business combination that would provide value to shareholders in excess of the estimated liquidation value, or a strategic transaction that would mitigate risks from our continuing operations to develop our cortical stimulation technology, and that no strategic or financial partner had expressed interest in pursuing such transactions;

Here are the top 10 posts for the last quarter by unique visitors: The palaeontology of Mike Burry Guest post: The short case for Berkshire Intuition and the quantitative value investor Japanese liquidation value: 1932 US redux What Montier's Painting by Numbers can offer to value investors Seth Klarman's Twenty Investment Lessons of 2008 Quantifying -LSB-...]

Posted in About, Liquidation Value, Net Cash Stocks, Net Net Stocks, Stocks Tagged Liquidating Value, Net Cash Stock Leave a Comment

For terminal value to be anything other than liquidation value we are implicitly assuming that the competitive advantage of the business will last for ever i.e. there will never be perfect competition in this industry which brings the return on capital to the same level as cost of capital..

Our net liquidation value is still down due to open trades consuming it, although it recovered somewhat this week.

Citigroup also announces that it expects to complete a further exchange with the U.S. Government of $ 12.5 billion in aggregate liquidation preference of Citigroup preferred stock, and that in aggregate, approximately $ 58 billion in aggregate liquidation value of preferred and trust preferred securities will have been exchanged to common stock as a result of the completion of all the exchange offers.

A good example is his recent investment in mortgage REIT Laser Mortgage Management (LMM), where there was a decent spread between the liquidation value and quoted stock price.

I bought some but would be curious what the liquidation value might be.

The potential for an acquisition of Northstar at a valuation materially in excess of the estimated liquidation value reflected in management's liquidation analysis, or the potential for a strategic transaction that would significantly mitigate shareholder risks from continued operations, was also discussed.

Since Emeco is at this point in time mostly a bet on liquidation value one of the most important things to track is how much money the company is receiving for the idle equipment that they are selling, and for the first time since 2009 they sold a bunch of equipment for a significant loss:

I don't see any liquidation value in CBR.

Tobias contributed the «About Liquidation Value Investing» section to Introduction to Corporate Finance (Third Edition, Wiley, March 2013) by Laurence Booth and Sean Cleary.

Before going into the liquidation value anaylsis, we should look at the debt structure.

They are trading near liquidation value... and at a huge discount relative to the stock market.

Warren Buffett understood, through rational analysis what the going - concern liquidation value of the business was and was also able to rationally analyze an intrinsic value for the business, assuming it would continue as a whole entity.

Management claim the revalued asset backing of US$ 0.26, well north of the current unit price of $ 0.115, represents a realistic estimate of the liquidation value of the assets.

Posted in Liquidation Value, Nyer Medical Group Inc (NASDAQ: NYER), Stocks, tagged Liquidation, Nyer Medical Group Inc (NASDAQ: NYER) on November 3, 2009 5 Comments»

We estimate the net cash value to be around $ 20.6 M or $ 1.57 per share and the liquidation value to be around $ 23.2 M or $ 1.77 per share.

Myrexis: Shares were sold at $ 2.78 in December to capture the tax loss, as it looked like liquidation value was around this level + -3 %.

To arrive at NNWC, Jae Jun discounts the current asset value of stocks in line with Graham's liquidation value discounts, but excludes the «Fixed and miscellaneous assets» included by Graham.

Me, a value investor thought that buying a company at 55 % of liquidation value, and a single digit multiple of forward earnings would do fine.

Note, however, that it does not necessarily follow that the Graham liquidation value strategy will underperform the market, just the model.

Posted in About, Contrarian investment, Liquidation Value, Net Current Asset Value, Net Quick Stocks, Strategy, tagged Negative Enterprise Value, Net nets on December 11, 2012 8 Comments»

Ultimately companies are valued based on a wide array of metrics in addition to their book (or liquidation value) and dividend stream; profit, return on assets, return on equity, growth rates, future prospects etc..