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Tuesday, July 12, 2005

BNS Holding (BNSIA)

This Rhode Island company is pretty much totally converted into cash.

Assets:
cash $21.7 million
prepaid stuff $0.5 million
restricted cash $0.4 million

Liabilities:
accounts payable etc. $1 million

net cash: about $20 million
shares outstanding: about 3 million
net cash per share: about $6.67

best ask trading price: $6.70

fully valued. end of story.

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