Post by
SolidFuel on May 11, 2015 9:56am
Great financial results...
IWG just announced their results for the quarter and they are absolutely great.
Double digit growth in both revenue and profitability.
EBITDA per share for the first two quarters is now $0.025 per share. That's $0.05 per share on an annualized basis, so at 8x EBITDA this company is worth $0.40/share... and there's also $1.4 million of cash on IWG's balance sheet... which probably adds another $0.035/share.
Fair value for IWG is probably somewhere between $0.435/share and $0.535/share.
(So I guess the TD Securities seller, who I mentioned in my previous post, was just a bad trader.)
Comment by
rationalexuberance on May 11, 2015 10:05am
i liked the good guidance for the rest of 2015 "The first half of this fiscal year has been a significant improvement over the same period as last year, and customer demand for our products continues to grow.
Comment by
Sir_Holler on May 11, 2015 10:11am
"...and there's also $1.4 million of cash on IWG's balance sheet." That $1.4 million was as of the end of Q4. Given this Q1 report and the cashflow it won't be long before the company has $2 million in cash and no debt.
Comment by
Rock34 on May 11, 2015 12:37pm
Nice to see this moving. Hopefully we see this more towards a more appropriate valuation as the market has been asleep at the wheel here for a long time.