GREY:RNSFF - Post by User
Comment by
doggiestyleon Apr 26, 2021 11:00am
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Post# 33066418
RE:In my view this offer at 0.35 is too low , need to be 0.50+
RE:In my view this offer at 0.35 is too low , need to be 0.50+Some rough math - REO market cap is 1.1 Bilion today and ROE is $115 Milliion. That is 8.6% but I believe they have rights to 13% of the land base and apparantly some of the deepest basin. Just based on square footage it is undervaled by about %50 at 4.6% (should be about 6.9%)
Obviously this is very rudimentary math and lots of other factors to consider but interested in some others thoughts on valuation?