GREY:ISYRF - Post by User
Comment by
natioson Mar 13, 2018 9:30am
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Post# 27705597
RE:Broadcom Qualcomm deal
RE:Broadcom Qualcomm dealThis deal wasnt going through in investors minds as QCOM was trading at massive discount to bid. But when this was announced back in the fall it had a material negative impact on ITC. Would like to see that reverse.
Also noticed that ITC finally back in the market buying stock yesterday. Pretty light but hopefully the CFO will open the purse strings more at these levels.
With nice growth outlook for 2018 - a conservative multiple on $2.5mm of EBITDA gets you handily in the $1.75 range and then add the net cash of another $0.50 and your right back in the low to mid $2's .
Company needs to aggressively buyback stock down here at massive discount to NAV. Then show growth, get Stream back on track and onward and upward.