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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Bullboard Posts
Comment by Baxter4on Sep 21, 2011 11:31am
309 Views
Post# 19066184

RE: RE: my research indicates a 50 % return ...

RE: RE: my research indicates a 50 % return ...What did you think of the $7.5 billion of their declared $9 billion in assets being only Goodwill and Intangibles? Also , what did you think of them having a negative net tangible shareholder equity?

The current
value of the common and prefered shares is 417MM$. Add debt of 1.2B$ and 37MM$ debentures and  you get a net company value of just under 1.7B$, so if your statement is true then the current valuation is close to the tangible value. As you can't ignore goodwill and intangibles when valueing a company, the current share prices are extremely low as they represent an 80% discount to the NPV.
Bullboard Posts