ARB-ArborGen Holdings Ltd

[winner69]

Don’t generate much cash do they .....and a negative free cash flow

And some punters think it’s worth at least 50 cents a share

http://nzx-prod-s7fsd7f98s.s3-websit...791/323395.pdf

[BlackPeter]

Don’t generate much cash do they .....and a negative free cash flow

And some punters think it’s worth at least 50 cents a share

http://nzx-prod-s7fsd7f98s.s3-websit...791/323395.pdf

Problem is - cash is not as easy made up than the numbers for their DCF calculation which "values" their IP. Can't really see customers queuing up and paying a premium for their blue gum and pine trees. Well, so far they don't.

But one thing is certain - Edison will write them again another (paid for) glowing report and come up with a nice big number they think the share is worth. They are doing that now for at least a decade or so ... who knows, maybe at some stage we see a miracle and it even turns true. They say the hope dies last ...

But than - hope is not a good investment strategy, isn't it?