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AUTHOR
DATE
SUBJECT
13
member
5/05/08 10:00AM
Plus is now current
on filings... they have until 30 June to get in their 10K.
Cash is now $7.70 a share
Paid off all Recourse debt
Mkt cap $110mn
Cash $65mn
TTM EBIT $28mn
Tangible Book is $16
"the following requisite periodic reports must also be filed with the SEC in order for us to be eligible to be relisted on Nasdaq: this Form 10-Q and the Form 10-Q for the quarter ended... login to read the rest
PLUS
$6 in Cash
Tangible book $15.25
$1.20 in EPS for 1H08
We think we are on track for $16 tangible book as of 3/31/08
More importantly now just 2 filings away from being able to relist on
In their 10Q PLUS stated that they sold $21mn worth of leases that they carried on books at $20.3mn between July 2007-Dec 2007... so cash should be up to $7.44 per share when they report
The company has repurchased about 20% of the company over the last couple years at around $11.70 or so. Then the options issue hit in 2006. During the restatement, they were prevented from buying stock... login to read the rest
PLUS $9.50
PLUS has Cash of $4.65
Tangible book $13.80
EPS $2 per share (netting out patent win and restatement costs offset some of the costs, but should be just under $2 in EPS per share and that... login to read the rest
Zach,
How tangible is tangible book? Looks like it consists mostly of A/R and investments in leased equipment. How aggressive are they with depreciation?
David
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