Raleigh:
Thank you VERY MUCH for your hard work.
If I may, let me add some tidbits from my Tuesday evening notes. If I have erred, please correct me.
The "Business Combination (BC)" was defined as "...an acquisition, merger, partership, whatever..."
DCTC projection is with Muller Media, Momentum, and Telephonica earnings included, and is at the end of a 12 month period.
Low Estimate High Estimate
Sales 15.6MM 38.0MM
Earnings 2.2MM 4.2MM
Shares 8.6MM 8.6MM
Earning per share .26 .49
P/E multiple 15 15
stock price 3.90 7.35
*Prepaid Phone Card is a (BC)
Web Site Certification Company is a (BC)
*Internet Electronic Commerce and EDI Software Company is a (BC), supposedly Momentum.
DCTC paid 6x earnings for Muller Media (presented as a good, fair price)
It is my impression also that DCTC is much bigger than just the FNET JV. I also strongly agree that everyone needs to keep in mind that DCTC and FTEL are 2 separate and distinct companies and to judge each on their own merits.
Sorry for the look but fixed font shows the table better.
Respectfully, |
