GREY:VTRAF - Post by User
Post by
elmothemightyon Jul 03, 2010 2:01pm
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Post# 17241168
How do you value this thing?
How do you value this thing?Net income in PY of ~ $150 mm, 10x earnings brings us to a valuation of $1.5 b. This provides a more favorable valuation than using expected earnings for fiscal 2010, given the poor crop expectations.
Market cap. is currently $2.6 b, making this thing wayyyyyy overvalued.
A $1.5 b market cap. would bring us to a share price of ~ $4.10. So it would seem prudent to begin acquiring stock in the $5 range.