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OfficeMax Incorporated Message Board

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  • estes_mt estes_mt Jan 23, 2013 5:10 PM Flag

    Book is $20.

    Looks like it is only going to add about $1.65/share on the book value based on the expected public offering of BC. Market Cap for BC is expected to be $700 MM on the high side with OMX owning 20% - or about $140 MM. With 85 MM shares outstanding - equates to the $1.65/share and a book value closer to $13/share. I still believe this is a $20 stock - just not getting there by balance sheet alone.

    Sentiment: Strong Buy