That equals out to 299 dollars before the bid/ask and commissions. Thats $299 to own a piece of a 740 million dollar
Yes i know this has the making of a penny stock scheme, however this company has been around since 1998 for atleast on this chart showing that it can back everything up with financial statements mandated by the sec while being audited by federal law.
I just can not see the company tanking with a 740 million cash flow at the end of the year, it finally became stable again 2 years ago with the cash flow peaking over a billion and went to around 740 million.
Am i saying is this a buy and hold of course not, all im saying is this company has the chance to regain its true value.
In my opinion this stock should be valued higher then what the companies all time high was. For instance the cash flow was alot lower compared to now.
Yes you can say total debt increased, however the inflow of cash increased as well. 2 times of what the cash flow was at the peak of the companies value.
$299? in my opinion its totally worth the risk.
(Little river pointed this stock out yesterday on a publish, and i wanted to look at the cash flow of the company.)