GREY:WEWWF - Post by User
Comment by
dpunt32on Oct 16, 2014 5:02pm
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Post# 23035777
RE:RE:RE:RE:RE:RE:RE:RE:RE:Entrepeneur of the YEAR
RE:RE:RE:RE:RE:RE:RE:RE:RE:Entrepeneur of the YEARI am glad to see Edmonds gone...they need somebody who can get sales back on track, Edmonds was not the guy and I dont think inspired much confidence..Gutman if he does it is experienced and has had past sucess in fixing things up, creating value and getting things sold...WEW does have a solid balance sheet which takes pressure off things....at todays prices, the valuation is ridiculously low, it trades at about an $8 valuation for the business....this a business that does $18m in recurring revenue, so less than .5x recurring revenue....most takeouts for these type of business are 2x which would imply $36m for the business...even if they do not get that..its still very cheap with a huge amount of upside...dont think will get there immediately, but over time if the market does not recognize value somebody else will