GREY:WCSTF - Post by User
Comment by
Drdoctor1on Apr 04, 2011 10:12pm
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Post# 18384794
RE: RE: News..We are Up for Sale
RE: RE: News..We are Up for Saleglad to see some value being recognized here, although i thought we'd see more of a pop following the announcement.
EBITDA is between $30-40, apply 5x mult (minimum), you get company value between $150-200MM (slight debt and cash wash each other out), or between $11.50-16.00 a share (about 13 million shares).
other pluses as I see it are: international expansion, stainless expansion, general automotive continued recovery.
I hope management does the right thing with the dual share system and allows both classes to be valued the same in a takeover ie not screwing the non-voting.
comments welcome,
all imo.