Comments on: QLTI – a Graham value play experiment http://www.experiglot.com/2009/04/13/qlti-a-graham-value-play-experiment/ Because you shouldn't need an MBA to be savvy about finance and business Tue, 07 Feb 2012 10:47:57 +0000 hourly 1 http://wordpress.org/?v=abc By: Cavalatica http://www.experiglot.com/2009/04/13/qlti-a-graham-value-play-experiment/comment-page-1/#comment-214412 Cavalatica Tue, 19 May 2009 02:54:16 +0000 http://www.experiglot.com/?p=908#comment-214412 In the latest 10-Q, they stated that 124.87 mil of cash was "restricted", in the sense that it was not meant to be distributed to shareholders. Indeed, that money was released on April 23rd to MEEI, as a result of a multi-year long lawsuit... Now, if you do not count that cash, current assets are reduced to just over 227 mil. There is no longer any margin of safety to consider this as purely a NCAV stock. Do you see that much more upside with regards to earnings power as to justify this new situation? Thanks, Cavalatica In the latest 10-Q, they stated that 124.87 mil of cash was “restricted”, in the sense that it was not meant to be distributed to shareholders.

Indeed, that money was released on April 23rd to MEEI, as a result of a multi-year long lawsuit…

Now, if you do not count that cash, current assets are reduced to just over 227 mil. There is no longer any margin of safety to consider this as purely a NCAV stock. Do you see that much more upside with regards to earnings power as to justify this new situation?

Thanks,
Cavalatica

]]>