Warren Buffet Cigar Butt calculations https://smartasset.com/investing/cigar-butt-investing-warren-buffett-strategy
NCAV = (Current Assets – (All Current Liabilities + Preferred Stock)) / Outstanding Common Shares
NCAV = 3,400,000,000/1,618,680,877 = $2.10
If this number is more than the stock’s current trading price, then the company may be a cigar butt investment. Even if the company is doing poorly, under the worst-case scenario a final liquidation would pay out more to shareholders than the company is currently selling for. This makes it a potentially profitable short-term investment.
What am I missing here?
Ann: Agreement to sell Sheraton Grand Mirage Gold Coast, page-47
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Last
50.0¢ |
Change
-0.005(0.99%) |
Mkt cap ! $1.434B | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.5¢ | 49.8¢ | $3.674M | 7.290M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 154876 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 425409 | 19 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| SGR (ASX) Chart |