GREY:TSCAF - Post by User
Comment by
qwqwon Jul 09, 2013 6:46pm
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Post# 21597595
RE:merger
RE:mergerThe thing I don't like is that Daiz's NAV ($15 mil) is only half that of Tuscany's ($30 mil).
Yet Diaz's EV (MC + debt) is higher than Tuscany's???????
If the merger goes thru Tuscany's EV more than doubles but NAV only increases by 50%.
If EV doubles I expect NAV to also at least double to make it worth while.