RE:RE:Neulion Price Target of $12.00???
I havn't even been able to find confirmed revenue numbers for MLBAM, someone else in an article thought they were at 15.5x revenue. Where did you find it was at 3.5x? And this bodes another question, if Neulion has 1.5x to 2.0x more in major league sports partners as a total then how did MLBAM generate 10x revenue to Neulion with just MLB, WWE, NHL (which we know the revenue numbers for), PGA, and HBO? The only thing I can justify is either Neulion has not met its revenue potential as of yet, or HBO accounts for 70%+ of MLBAM's revenue (Probably all game of thrones, which wouldn't surprise me).
There is this black hole in the valuation I want to try and figure out.