Napkin Math Valuation Musings - BCST vs AXC
Hey guys and gals.....
Fact - BCST purchased by Yahoo! for $5.6 Billion
Guess - AXC has over 50 million shares out including options/warrants in the money.
Fact - AXC owns ~20% of TVW which has many BCST attributes.
Fact - AXC has the option to buy another ~30% of TVW
Let me see........Hmmmmmmmmmm.....darn calculator @*&%^!&%$
Ahaaaaaaa.....
Looks like our little AXC stock could be worth $20 to $24 based on the 20% stake of TVW held. The full value at 50% ownership of TVW is $40 to $50!
Let me get the hammer out and check this calculator......bang, thump, wham....
Ok, now....click, click, click, click, oooops, click, click, click, hmmmmmmmmmm.....
Well, what do ya know, the darned thing is working correctly.
Best O'Luck
Tom |
