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AMN Healthcare Services Inc. Message Board

  • commandor58 commandor58 Jan 29, 2013 12:28 PM Flag

    SWIR deal

    Values the business sold, which is in essence, the same business NVTL is is at about .55 PSR. Based on that valuation, NVTL is still way under valued. Calc $350 million in sales X .5=$175 divided by 33 million shares gets you conservatively $5+/share. Add the cash on the balance sheet and you can value NVTL at around $6.50.

    To be fair, SWIR's business is stronger than NVTL's and you could argue NTGR may be a more aggressive competitor as SWIR and NVTL had a duopoly. Still, even discounting by 50%, the deal values NVTL's business at $2.50 not counting the value of the balance sheet.

    One could also argue, NTGR has done their homework and would not buy the business unless they saw long-term value. Bottom line, it makes NVTL at buy under $2.00.

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