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Strategies & Market Trends : Value Investing

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To: David who wrote (17085)5/19/2003 2:31:22 PM
From: TimbaBear  Read Replies (1) of 78958
 
David

Thanks for bringing EBSC to the board and congratulations on your patience in holding it!

I believe the take-out should be somewhere between $7.00 to $18.00 per share.

From my estimates of their cash flow, I think that your range is probably a pretty good assessment. I'm guessing close to $10.00/share.

It should make a nice return from current pricing, and the cash flow gives me my margin of safety in the event an acquisition deal cannot be worked out.

I'm in today. Initially I'm in for the potential pop if a fair deal is announced, but I could be in for a much longer term either if a deal does not materialize (because I like the cash flow), or if the buyer is interesting (because I like their recognition of value).

Good Call!

Timba
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