GREY:AVNDF - Post by User
Comment by
poneon Dec 20, 2012 1:03pm
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Post# 20756519
RE: Valuation
RE: Valuation .13 in earnings times 15 forward PE gives about $1.95 in market value increase per share. Multiply by 67M+ PKI shares and they walked away with an asset worth over $130M And they paid $80M for it. That's why the stock is so up today. To sell it for even $120M would have been under selling it. $80M: we were robbed.
We were driving a Volvo and someone switched it for a Russian-made car. The Volvo got sold for 1/2 low blue book to someone who can monetize it better than we can. Please, no one try to tell us how it's a nice Russian car, or how chicks will dig you in it. :)
There is no version of events that make what has happened here a good thing for us. Today is a sad day for Avenex shareholders, and there is no dressing this up.