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Envoy Communications

by gileblanc on Wed 08 Mar 2006 06:49 PM CST | Permanent Link | Cosmos

Just gave a look at Envoy fundamentals. A good value play (as of December 31, 2005):

- Shares are trading at a deep discount from a conservative book value per share of $2.98.

- Envoy has near zero long term debt ($230,601 versus a shareholders' equity of $72,307,374).

- Envoy has a share issuer bid (bought during the fiscal year ended September 30, 2005, 2,447,417 shares).

All figures above are in Canadian dollars. (A precision for my many American readers. I would like to receive comments from my Pennsylvanian readers.)

May explain why some insiders are positive (see SEDI extract).

Have a great day.

G.L.

Keywords: EnvoyCommunications, ECG

Attachments:

Envoy.pdf (327KB)

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Re: Envoy Communications

by Peter on Fri 10 Mar 2006 01:16 PM CST | Profile | Permanent Link

Unfortunately I understand tht they have been awful with capital allocation in the past - doesn't inspire confidence in their move to "merchant banking". That's probably why the market slaps a big discount on them.

Re: Envoy Communications

by gileblanc on Wed 12 Apr 2006 06:34 PM CDT | Profile | Permanent Link

This is why so many often those fallen angels can take many years to recover.

G.L.

Have a great week end.

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Investing links

Baruch Lev

BourseInvestir.com

Harvard Business School

Recent Comments

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