Only 16 cent per share after USD 12,4M in favour of Meade USA ? What's wrong with this calculation: Outstanding shares: about 24,00 M Cash amount: USD 12,4M Value of this transaction per share: 12.400.000 divided by 24.000.000= USD 0,52/share Today's value: USD 0,16. That's only 30%. Meade USA is debt-free now. Can anybody explain which mistake I am making in calculating the value of the share today ? Syntatech
Meade lost $10mil(controlling for sale of brands)on $25mil in sales? Their pm is 12%? So much for the turnaround. The pro forma illustrates just how much Meade Europe bolstered Meade US. How much of the $12mil will be left once they pay the bank, the lease, their old payables, move their operations to a smaller facility and issue bonuses/retainers associated with sale? Though there will be some left, they are so far from profitability that it is hard to see how they will exist long enough to reach proitability. We all know that they have been otrunning the devil for some time now, but we just learned that he's a lot closer than we all thought.