Originally Posted by
Poet
Firstly, welcome back Beagle, good to hear your views again.
Secondly, if you ascribe a fair value of 64c per share on the basis of Tower being no growth company, why not add on the 30 odd cents per share that the company has in cash That is the cash the company is holding over and above what is required to operate and generate the no growth $26m pa profit (actually there is probably more cash surplus than that)
That cash could be returned to shareholders in some form and still leave a company with the underlying $0.64 share value