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iShares Mortgage Real Estate Capped Message Board

  • deepsub9 deepsub9 Jan 27, 2006 4:04 PM Flag

    DAMN !!

    after looking at the key statistics on Yahoo on Remington.......looks like CDIS really got a diamond from the coal mine here!

    Yahoo show 76 million in cash....and zero debt......and the margins are fantastic!!!

    I think there is a LOT more reserves that will be found than anyone is talking about.......they hold a LOT of GOM acreage.

    What a beauty! What a steal at the forward PE before they sweetened the deal with the 20% extra, PE of about 10.


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    • Deep,

      I agree with your asssessment regarding the "cash and no debt" that REM brings to the mix. But beyond that, I want you to look at the Cash Flow flood gate this merger opens.

      Did you see the projected Cash Flow (EBITDA) generated by the CDIS / REM merger.

      Current TTM: . . . . . . . $ 314 million.
      FYE 2006 Merged . . . $ 869 million.
      FYE 2006 Merged . . . $1,157 million.

      Considering the relative consertative approach to all CDIS projections, this is awesome. I see the merger unlocking just a whole lot of value. This isn't just another asset purchse, REM and CDIS are both getting what they needed to unlock these values.

      After the dust settles this merged baby will really fly. Hell, it ain't do too bad today; is it.

      Old Watchdog

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