|
11:33 am
January 16, 2011
|
Jae Jun
| | |
| Admin
| posts 1453 |
|
|
Yes IFON has been a net net for a long time. It's one of the 4 that remains on my screening list.
If I were to buy a position, it would only be about 1-2% though.
|
|
|
6:10 pm
January 13, 2011
|
cvgkid
| | |
| New Member | posts 2 |
|
|
On a pure liquidation basis, IFON should be trading as $1.28 versus their recent $0.88. This is a potential increase in price of 45%. Some numbers as of now and the balance sheet of 9/30/2010.
Market Cap $12,040,000
Shares Outs 14,164,706
Cash $17,166,000
Net Receiv $6,046,000
Inventory $2,507,000
Other Curr $1,466,000
Prop Plant $244,000
Other Asset $86,000
Total Liability $5,450,000
I give 100% credit for cash, 80% credit for net receivables, 50% credit for inventory, and 20% credit for all other assets. I take away 100% of the total liabilities. Based on this I get a liquidation value of $1.28 a share. Looking back over the last four quarter, IFON’s liquidation value has gone from $0.93 to $1.22 to $1.24 to $1.28. I like seeing the liquidation value increasing over time.
Average volume is 42,000 shares a day.
|
|
Home
