Company ABC has 100 shares outstanding, $1000 in cash on its balance sheet and no debt. What is its implied book value (i.e., I'm not asking how it will trade at any given moment)?
Now, move to next week: ABC issues another 100 shares and receives another $1000 in cash, with which it could do any number of things, but for the time being nothing. Again, what is its implied book value at this moment in time?
I ask for a reason. I have encountered people on the interwebs who want to imply something other than what should be obvious.
