GREY:CXEYF - Post by User
Post by
Condor7on May 23, 2008 1:06pm
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Post# 15104220
Banker
BankerBanker,
WIX has 34 million shares outstanding and a market value of approx $195 million.
CAX has 169 million shares outstanding and a market value of approx $121 million.
Cax company value is therefore roughly 62% of WIX.
Divide CAX shares by WIX shares for a factor of 4.968.
Divide WIX share price by 4.968 and you get $1.15 per share relative to CAX at 70 cents.
i.e. If WIX had the same shares outstanding as CAX they would be sitting at a relative $1.15 per share.
It takes more than just production volumes to accurately calculate the value of a share, but anyway, I agree CAX will come good in the near future.