Seeking Alpha
  • scorpion.north
    $FBRC I'd say tangible book value is $24/share cause ~$3/share is a deferred tax asset for taxes that won't be paid, not an actual asset.
    2/5/14
    Reply (3)
    • gsterling: Fair point. Of course I don't anticipate they will go bankrupt and will eventually use them up so they have some value in my calculations.
      2/5/14
    • gsterling: I still believe the company is undervalued by quite a bit.
      2/5/14
    • scorpion.north: Definitely cheap. The DTA is now exclusively capital loss carry-forwards so let's root for the stock market to go up :)
      2/5/14