Forgotten Value: Misplaced in a Foreign Land *Exited*
A net-net trading for .03x sales with an operating unit quietly performing exceptionally well.
Not investment advice: First, read my full disclaimer here.
*All numbers are in AUD unless otherwise expressed.
This is one of the least expensive companies I’ve ever invested in. While it trades at valuations that lead you to believe it’s headed for insolvency, I think there is reason for optimism.
.03x MC/Sales
<1x Price/Earnings (normalized)
Net cash 1.5x its market cap
As you’d expect with these valuations, this opportunity has some hair on it. If you have at least two years to allow this opportunity to play out, you could be handsomely rewarded.