GREY:WEWWF - Post by User
Post by
dpunt32on Apr 18, 2013 9:21pm
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Post# 21273093
Webtech
Webtech WEW..dog forever and previous days from Anwar were overly pumped..today at 32c seems quite cheap...$22m in cash, generating cash, market valuing business at $12 million..cheap.. current business does $28 to $30m in revenue and $20m is recurring revenue..valued at less than .5x Revenue when u take out cash..companies like WRX and other have sold for 1.6x or higher..comparables like Numerex, BSM trade at much higher mutliples..industry is consolidating..putting 1.5x for recurring and .5x for hardware revenues, gives 50c per share easy...and acquier can probably take out $1m of costs to make it much more profitable...i think this company is sold within next 12 months..or else with goodwood running the show there is no way they keep scott edmonds there..probably there to manage a sale.. GLTA longs