"Money for nothing and your chicks for free."
I know where the money for nothing is - it's on the WMC balance sheet! $70 million in cash ( I think WMC still owes its parent $15 million or so, so let's say $55 million after repayment of debt) and you can buy the whole company on market (well you can't actually, because the top shareholders have not sold a single share since the IPO) for just $28 million. By coincidence $28 million is half the cash pile WMC is sitting on! And the company, as an operating business, now has a history of spitting out cash. Unfortunately dividend payout isn't all that high.
Money for nothing all right.
Now as for those chicks for free. Where does one find them?
- Forums
- ASX - By Stock
- BTK
- dire straits
dire straits
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BTK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online