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BWinter

2,625 Posts.

307

20/10/20

09:47

Post #: 48223951
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Originally posted by zacch: ↑

"So with $25M in cash VOR should be worth $30M-$36M."

A nice way of looking at it, but since markets are forward looking, I'm not so sure $25M cash will be valued the same as the potential of two growing businesses. On the other hand, you'd think it would be hard to go below the current $25M market cap with the same in the bank. Sort of points to up being the only way, but only a certain amount until VOR starts chipping away at the $25M paying themselves and who really knows the potential of TSI India. A bit of a cynical view, perhaps.

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I guess that depends on management's ability to turn that cash into a growing asset.

VOR Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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