12-09-2013, 01:01 PM
(12-09-2013, 12:32 AM)FatBoi Wrote: ....
Any VB has a view if Baker is undervalued now?
I think interest has cooled big time since the special dividend payout.
At current price of 28 cent, total cash as I remembered is about 22 cent.
So the premium paid for current business is about 6 cents.
EPS for that business is about 0.8 cent, after excluding one-off gain.
Doesn't look attractive.
Price can change if new positive investment is made with the cash.
Any one can tell us more about management? Their ability to do deals?
From PPL and Discovery Offshore, they seems to be good in buy/sell business?
