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Multiband Anonim ┼×irket Message Board

  • dickeypiper1 dickeypiper1 Mar 24, 2011 11:56 AM Flag

    Current Price

    Still selling at less than 3X cash flow. The stock of DTV has done very well and amongst its holders are a number of hedge funds. Am wondering if MBND has caught the attention of one of them. The CC will hopefully give us an update as to how the MUD business initiative has done in Minneapolis and if they are going to roll it out into other areas. If the news is very positive I think thatb there is a good chance that the stock price will slowly but surely (3-6 months) be in double digits. At $10 a share the business would be selling at 6X current cash flow.

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    • $10/share represents fair value for the current book of business.
      New markets or services are incremental to this target if/when they start showing some material success.

    • Don't put the cart before the horse. Don't count your chickens until they hatch and don't try to tie MBND's stock price to some things which are way too early to matter that much.

      I am far more interested in what sort of EARNINGS and EBITDA they produced from 2010 revenues than trying to predict how the expansion of new (and still too early to expand) vewntures might pan out. The idea of selling to businesses is a good idea and will eventually add a few cents to earnings but is (and probably always will be) a fraction of overall revenues. I see far more potential in DTV's announced expansion in the Fall of 2011 in the MDU (multiple dwelling units)area. This is where MBND already shines and will be able to add far greater earnings.

      I also agree with Grinder in that the chart pattern as well as the fundamentals are lining up for another nice push up for the MBND stock price. Once the 4th Qtr is announced we will have completed another full year of strong earnings growth which is important to all the CANSLIM buyers out there in the world.

      Finally, the very high volume suggests that some large seller(s) decided to sell and that more than enough NEW institutional buyers are there to buy shares at these prices and higher. This is really important as it removes any overhang from a large seller and provides the liquidity MBND needs to get to the $7 - $10 level.

      Onwards and upwards!