colourama wrote: PI, are you comparing Total Oil Field Rental Services to HWO's Canadian rentals division? As far as I know, the Canadian rentals division (not including the disposed nitrogen services) had about .5M in revenue last quarter - so pretty small compared to the other parts of the business. I don't think any substantial valuation has been put on that business in the discussions I've seen on this board in a sum-of-parts analysis.
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(d) HAES Rentals Business + equipment - $10MM (This is off-the-cuff) based on $2.5MM per annum of FCF generated via its 50-60% margins.
colourama
I'm trying to figure what a marginal rental systems business ( where did you get the 0.5 million from? , curious) might be worth .
it's probable that Total is not a comparable , given that there seem to be a few one location shops around but how can you scale a half million dollar business to take advantage of those non capital business losses?
Especially since my understanding is you can only use those losses to offset gains.
Maybe living up to my name?