Originally Posted by
todd1200
Crazy thing about our stock price is that our book value per share is about $10. So if you liquidated our assets, there should be over $10 for each shareholder. On paper, you could double the money of every shareholder by shutting us down and selling the assets. (It should go without saying that this is a bad idea that I’m not advocating).
Which is exactly why I started a position with JBLU…. The market overall is oversold, but when stocks are trading at fractions of their book value, or better yet, tangible book value, it’s time to hold your nose and buy.
I may dollar cost average down if it hits $4.20. Something about that number makes me happy…. 😁