$APPY trading below book value
Post# of 22747
Posted On: 05/20/2016 11:13:31 AM
APPY pulled back nearly 50% from Highs on Wed pop. $MGT owns 5%. APPY bottom line, they have $16.5MM cash on the books /3.8MM O/S, you're looking at $4.34 cash per share. At $3.75 it's trading below book value. This one probably in play again soon. Can't see insiders buying just to hold shares as an investment.
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