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Non-Tech : Bill Wexler's Trading Cabana
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To: KaiserSosze who wrote (3320)2/9/2008 9:25:16 AM
From: RockyBalboa  Read Replies (2) of 6370
 
SGTL:

Cash 71MM
Enterprise value 35MM
Revenue ttm 127MM (and it improved at SGTL in Q3 2007 with recs of 41MM).
Takeout price at EV/Sales of 0.27

SGTL buyout came one year after they wrote off their goodwill (totalling 81MM) in Q1 2007.

SIRF:

EV: 294MM
Revenue ttm 329MM

Applying SGTL metrics would mean:
EV of 90MM
Cash 140MM
makes 230MM, shares out 64MM yields $3.60, give or take for SIRF.

Sirf will likely impair some or most of the aquired goodwill and other intangible assets (290MM).
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