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Non-Tech : RECY Looking Good... A -- Ignore unavailable to you. Want to Upgrade?


To: Tim Oliver who wrote (3693)1/5/1998 11:35:00 AM
From: James Strauss  Read Replies (2) | Respond to of 7006
 
The Real Value...

>>>If PHV paid 65% of RECY's revenue run rate of $285 million, they'd
pay $185 million. If you assume 20 million shares of fully diluted
RECY stock after the last acquisitions, that works out to over $9
per share for RECY shareholders.<<<
************************************
Tim:

Another good analysis...

If we project your analysis out further to 500 Million and one Billion in the one and two year time periods we get 16.25 with 20 Million est shares outstg, and 18.50 with 35 Million est shares outstg... My sense is that the number of outstg shares will be less, but I'll err on the conservative side for this projection...

Jim