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DGIT系統公司 Message Board

  • longtimefollower longtimefollower Apr 12, 2013 2:48 PM Flag

    Is DGIT selling at 4.8x EV/EBITDA for 2013?

    Is this calculation correct?

    $112.5 M EBITDA midpoint for 2013
    $360 M in net debt
    $187 M market cap ($6.80 stock price)

    547/112.5= 4.8

    It would seem that if the thing is worth 6x in a buyout, that we could be sold for $11+. I still think, with the stock trading for its current price, that the Mereulos and Clintons of the world would rather have a bird in the hand of a 50%+ premium, from current prices, were the company to be sold, and I have to believe there is a buyer out there at that price.

    Sentiment: Buy

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    • I get 4.92 x at $6.99.

      If my math is correct, Clinton owns it at $10.10 avg.
      $20,165,000 & 1,996,077 shares = 7.2%

      Clinton currently holds options on 1,900 shares of Common Stock with an exercise date of April 20, 2013 and a strike price of $10.00.

      Clinton has sold options on (i) 1,527,800 shares of Common Stock with an exercise date of March 16, 2013 and a strike price ranging from $7.50 to $15.00; and (ii) 150,200 shares of Common Stock with an exercise date of June 22, 2013 and a strike price of $10.00.
      -----------
      Im not aware of the history here. But it looks like Clinton has 2 board seats. But, I think Ginsburg still makes the decisions.

      I got in at $6.01 thinking $6 might hold. It didnt. But, it didnt fall to $5.51 where I had an order to buy more.

      I guess I need to read back in their SEC filings farther. Im just thu 1/29/13

      Looks to me like they have a nice history of making money. Except they are barely going to be in the black THIS year. Who knows for next year ?

      Diluted EPS from continuing operations
      $ 0.64 $ 0.80 $ 0.85 $ 1.63 $ 0.95

    • I would certainly hope so... bought more at 6, with its online division positive trending and huge short interest , I would certainly hope for some run up to say at least 8. I am a bit surprised that there isn't more of insider buying last month.

      Sentiment: Buy