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Gold/Mining/Energy : Signature Brands Ltd.: (SBX:TSE) SGNTF
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To: cadillac man who wrote (482)5/10/1999 12:23:00 PM
From: Ally  Read Replies (1) of 776
 
>Based on that great indepth analysis(no sarcasm intended) keep going and tell us what you think. Is a$1-$1.50 reaching too far?<

I would think if the deal goes through, the stock is at least worth $1.65 based on 10 times sales. If 20 times sales, comparatively to other internet related stock, it should be worth twice this. Calculation is based on 300 million shares outstanding after issuing 90% ownership to CD Plus:

55 mill x 20/300 mill = $3.67

Now, if as someone here says, it is not uncommon for a 40 times sales multiple, then the maths go up to $7.33 per share.

If the deal don't go through, the instrinsic value of the company taking into consideration the $2 mill cash and $8 tax recovery would be:

$10 mill/25 mill = 40 cents/shr. So, as long as the company does something with the entity, the fair value is in this range.

Fisher and others have more options at stake, so they would be motivated to get this, or another internet deal.

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