RE:Valuations & Stock Prices2013 net income $38 million... Double that: $76 million... Multiply by 15 = $1.14 billion... If you believe that they can quadruple their earnings without any hiccups (down cycle) and over a 2-3 year period??? Then it is worth $80/share... Why is management selling 50% of their remaining shares at $78 now thru the secondary offering??? Net of commission and income taxes, this is probably a net of little over $60 per share??? ACQ is a good company, it is just way too expensive... The consumer credit bubble is the main risk...
orepass