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Technology Stocks : NHC COMMUNICATIONS (TSE:NHC) acquiring THE FIBER COMPANY
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To: cleto who wrote (148)1/31/2000 9:15:00 PM
From: SteveG   of 856
 
most may already know - TSTN priced at $29 and was 30x oversubscribed.
I suspect an opening of $60-70/share (= market cap of ~$2B) is a given and $100/share (= market cap of $3B) not unreasonable to expect.

This is in stark contrast to the market cap of their nearest competitor - NHC Communication (T.NHC on the Toronto exchange) which closed at today at C$7.40 which is ~US$5 (= market cap of ~US$90MM).

I think T.NHC could conservatively trade at a market cap of 15-20% of TSTN's. Here's how that assumption would play out:

Best conservative case of 20% of US$3B (from TSTN at HIGH end - $100/share) yields a market cap for T.NHC of US$600MM = ~C$850MM = C$47.25/share.

Worst conservative case of 15% of US$1.8B (from TSTN at LOW end - $60/share) yields a market cap of US$270MM = ~C$385MM = C$21.5/share.

Now to be REALLY conservative, cut the LOW estimate in half again - we get ~C$10.75/share or about a 50% gain from todays close, with a TREMENDOUS amount of upside from there.
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