Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Spekulatius	6/30/2011 3:37:46 PM
	Read Replies (1) of 78650

Shorted some FSL @18.2$- thesis is that there is likely hood of lower demand for Semiconductors and FSL as a commodity producer should get hit. If so, 6B$ in net debt will provide gravity to the stock and my sense is that there are natural sellers at the IPO price (most shares are held by private equity investors). 240M shares outstanding +6B$ in net debt 10.3B$ in EV. EBITDA (12month annualized) ~1.2B$. Paying 10x EBITDA is fairly expensive since there are many better Semiconductor companies for way less (ADI trades at 7.3x EBITDA just to name one example).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next