Post by
Hadituptohere on Jan 31, 2023 10:38am
11X EBITDA for fishnets? Is this real?
In a distressed market with publicly traded free cash flow producing companies as far as the eye can see on fire sale for 6-7X EBITDA, this management team sinks half of their cash at a stratospheric 11X valuation into a completely opaque and illiquid fishnet maker? Then pledge to layer additional management into its structure and claim it will immediately improve margins? How are you all not flabbergasted? Mittelmans have lost their minds and for the board to support this suggests, at best, costly lack of business judgment. And please do not forget, they reneged on their written promise to return capital to shareholders because they said they would need all $500,000,000 for this deal.
Comment by
babedinkleman on Jan 31, 2023 12:35pm
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Comment by
RusticHit on Jan 31, 2023 12:43pm
Going for new lows buying Fishnet maker in India wholly Mush
Comment by
ngtraderng on Jan 31, 2023 12:56pm
Is this a joke? They could've returned that cash to shareholders but instead paid 11 times EBITDA for a rope manufacturer in India? What does management see that we don't?
Comment by
babedinkleman on Jan 31, 2023 1:19pm
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Comment by
babedinkleman on Jan 31, 2023 1:33pm
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Comment by
RusticHit on Feb 01, 2023 10:10am
how much they will write off after Year or so ,,lol Adani is from India and this Fishynet is from india too interesting
Comment by
RusticHit on Feb 01, 2023 11:39am
They should have started covered call etf of Banks and energy stocks with the money they got and that would have better than buying these a b c d companies ,,,,
Comment by
RusticHit on Feb 01, 2023 4:00pm
Adani shares are getting smoked again now by Credit Sui down 30 % in a day Looks like Aimia got bad timing with the Buying Indian company if they can cancel the deal it would be lot better for shareholders
Comment by
nozzpack on Jan 31, 2023 1:24pm
Average EV/EBITDA multiple is 13.9x and the median EV/EBITDA multiple is 13.8. So, roughly a $380 million fair value which is about $4.70 per share. Apply a 20% annual growth and its even hugger at roughly $6 per share.. The shorts were caught with their pants down load up at these prices
Comment by
RusticHit on Jan 31, 2023 1:32pm
will wait for 3-4 days if 3.30 will hold or not ?? First day big drop always followed by smal drops