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Strategies & Market Trends : Value Investing

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From: Paul Senior3/18/2008 4:59:38 PM
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CLMS. Have had trouble figuring that one because of shares outstanding and who owns what (the Calamos family being the big controlling stockholders).

If I go by shares outstanding per Yahoo (and that very well may not be correct given what Calamos family has or how they've structured the company), market cap of the company is about $318M. My general rule: I don't want to pay more than 2% of aum. (Although sometimes I have.) Latest report shows aum about $41B.
.318B/41B = 0.8% aum, so stock at about $15-$16 (market cap ~ 318M) is a buy, imo. (if the structure of the company were like other equity asset managers).
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