Empire Resources Announces 1 Million Share Tender Offer
alluvial.substack.com
Empire Resources has been a disappointment since I wrote about the company back in late March. Despite posting solid earnings since, the company's total return has trailed the market. At a bid/ask midpoint of $2.80, the company trades at just 70.6% of fully diluted book value and a trailing P/E ratio of 6.2.
Empire Resources Announces 1 Million Share Tender Offer
Empire Resources Announces 1 Million Share…
Empire Resources Announces 1 Million Share Tender Offer
Empire Resources has been a disappointment since I wrote about the company back in late March. Despite posting solid earnings since, the company's total return has trailed the market. At a bid/ask midpoint of $2.80, the company trades at just 70.6% of fully diluted book value and a trailing P/E ratio of 6.2.