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KIT digital, Inc. Message Board

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  • bombardierge bombardierge Jun 3, 2010 8:54 AM Flag

    Who are the morons selling this at $10.5????

    Well said, Booyeahtrib...

    As of the most recently filed 10Q (5/17/2010), there were 23.1 million shares outstanding.

    If we assume that KITD is currently on a run rate of $100 million in revenue (Kaleil said in his presentation at the KBRO Conference, on 5/26/2010, that the Company was billing $8 million per month, or $96 million annualized), and if we apply a multiple of 4x sales, then we would get a stock price of $17.32. And, of course, this assumption gives the company no credit for the $67 million of cash (I think that was the number Kaleil mentioned in the KBRO Conference presentation---please correct me if I am wrong) they have on the balance sheet ($2.90 per share).

    If you are correct in your assumption that KITD can generate $30 million or more in EBITDA next year, and if we applied the same 14x multiple that AKAM trades at, then we would get a stock price of $18.18.

 

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