06-12-2013, 12:35 PM
I think one of the reasons for the undervaluation is in how Mr Foo derives value from this company.
From the latest annual report, Mr Foo derives at least $500,000 in fees and $274,000 in rentals. The company itself paid $212,000 in dividends.
I am not trying to say anything negative and just sharing the first thing that comes to mind.
From the latest annual report, Mr Foo derives at least $500,000 in fees and $274,000 in rentals. The company itself paid $212,000 in dividends.
I am not trying to say anything negative and just sharing the first thing that comes to mind.