Jul. 19 at 11:56 PM
$CAAS A little CAAS history lesson for the weekend.
On May 23, 2017, CAAS closed at
$4.38, exactly where it trades today. At the time, management offered to take CAAS private for
$5.85 per share. That offer was withdrawn in August 2018 after the Trump administration imposed heavy tariffs on imported auto parts, which results in a lawsuit.
Since May 2017:
• Cash per share has increased by 480%
• Tangible book value has increased by 40%
• Net income has increased by 110%
• Revenue has increased by 70% (after a big drop in 2019-2020 because of tariffs/covid)
• The share count has fallen by 2 million shares
• Insider ownership has risen slightly to 58%
I have no idea on the times of the next take-private offer (or large dividend) but it sure better be FAR, FAR higher than
$5.85 based on all of this. It is going to be very hard for them to jusifty anthing under
$8-10 given growth and books.