Anyone else holding?
I’m slowly accumulating at close to 10 cents level
Great value – 0.60 PB, 4.50 PE, 12 cents cash for every share on hand (more than current share price of 0.103)
Used to be valued at more than triple its current market cap 3 years ago (27m vs 85m)
Debt has been pared down progressively over these few years and remaining debt can be paid off within 2 or 3 quarters worth of operating cash flow
Revenue from its development business is lumpy but construction business is solid and growing
Property sales wise it should be improved by the next quarter with the general uptick in the property market
Management seems prudent =:p
April 25, 2017 at 06:32AM
from king2penn
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