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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: PizzaSalt who wrote (50403)	12/19/2012 1:00:36 PM
From: smaycs4	Respond to of 78602

Where did you get your info ? How is the CEOs exit loan a source of value ? How was the value of the 25 stores concocted ? My estimate of value tended to be some sort of multiple of EBITDA going foward. I suspect the sale of excess real estate was always considered, its just finding a buyer willing to pay something near market rather than fire sale prices. For example, 6.5 x $3.5 million=$22.75 less debt of $11.9=10.85=$3.38 per share plus any value they get for their excess real estate. (3.213 million shares outstanding) Of course, thats assuming that 6.5 x ebitda is a reasonable figure. I suspect anywhere from 5-8 could be deemed reasonable. Id be thrilled to see $4 in 6 months.