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Star Buffet Inc. Message Board

  • champagnegorillaz champagnegorillaz Dec 29, 2012 11:48 AM Flag

    VIC Post

    The post on the VIC is now available to all with guest access. Iceman conservatively values STRZQ at 4.23. I encourage everyone to read it.

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    • A guy on SI figured a present value of $4.43.

      I've used the data from the projections in "Exihibit B" in the Disclosure Statement (5/24/2012) to compute STRZQ present value and the result is $4.43 for share using a WACC (Weighted Average Cost of Capital) of 5.5%:

      Discounted Cash Flows Valuation for Star Buffet, Inc. (PINK: STRZQ)













      Period FY CFFO CAPEX FCF Disc. Factor Disc. FCF

      1 2013 2609.3 $ 650 $ 1,959 94.79% $ 1,857

      2 2014 2558.1 $ 550 $ 2,008 89.85% $ 1,804

      3 2015 2751 $ 550 $ 2,201 85.16% $ 1,874

      4 2016 3214.4 $ 550 $ 2,664 80.72% $ 2,151

      5 2017 2805.3 $ 550 $ 2,255 76.51% $ 1,726

      6 2018 1881.8 $ 550 $ 1,332 72.52% $ 966

      7 2019 2296.6 $ 550 $ 1,747 68.74% $ 1,201

      8 2020 2339.7 $ 550 $ 1,790 65.16% $ 1,166

      Residual ...

      $ 32,540 68.74% $ 22,369









      WACC 5.50%






      Residual growth 0.00%
























      Disc. Excess Ret. Period FCF: $ 12,745






      Disc. Residual Value: $ 22,369






      + Short-Term Assets: $ 1,234






      Total Corporate Value: $ 36,348















      - Debt: $ 17,370






      - Preferred Stock: $ -






      - Short-Term Liabilities: $ 4,734






      Total Value to Common Equity: $ 14,244






      Shares Outstanding: 3213






      Intrinsic Stock Value: $ 4.43

    • Yes,

      It was a good write-up. At the price he quoted, it was a table pounding buy.

      What is even more shocking is that this traded as low #$%$11/share in the past 52 weeks. If you knew what was going on, were astute and very patient, you could have picked up 50k shares under $.30/share.

      You would be sitting on a $120k capital gain right now, on a $12k investment...not too shabby...

      Well, I'll have to pay more attention in the future...

      At this price level, there are more compelling opportunities in the restaurant field...

 
STRZ
0.800.00(0.00%)Feb 11 12:38 PMEST