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Direxion Daily Small Cap Bull 3X Shares V.TNA


Primary Symbol: TNA

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000 Index, based on a combination of their market capitalization and current index membership. The fund is non-diversified.


ARCA:TNA - Post by User

Post by TickBombon Jan 10, 2019 3:43pm
232 Views
Post# 29214603

Valuation vs Nevada Gold & Casinos: $0.59CAD+

Valuation vs Nevada Gold & Casinos: $0.59CAD+I don't know where you guys get 0.45/share from unless you mean 0.45 USD.  0.45 CAD would be much lower than the Nevada deal.

Nevada Gold & Casinos:  "The sale price is equal to approximately 8.5X EBITDA for Club Fortune for the trailing twelve months ended April 30, 2018."

An 8.5x EBITDA would be ~0.59 CAD/share before you account for the cash.  
Nevada Gold & Casinos was a much smaller deal also. 





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