Please provide an honest opinion...

For those that are fans of Benjamin Graham and the Intelligent Investor, you know that one thing he looked for is a company that is trading cheaply so that he would have a competitive advantage knowing the investment should go up over time. Buffett drinks from this same Kool Aid.

Total Assets - Total Liability = Equity divided my number of shares outstanding.

He would look for a company that is trading 50% below what their equity per share is.

SWSI
Total assets $652,162,000
minus Tot Liab $329,170,000

Equals Equity of $322,992,000
Div number of share 23,000,000

Equals $14.04
SWSI is currently trading for $6.45

This means for $6.45 you are getting the assets at a discount and the business for free. Give or take a little bit, because I would usually back out Goodwill from Assets, but it is not much difference.

Numbers from the MS energy conference slides
http://www.sec.gov/Archives/edgar/data/1...