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The Walt Disney Company Message Board

acanova2001 1 post  |  Last Activity: Nov 11, 2014 9:15 AM Member since: Oct 7, 2000
  • Reply to

    People have no idea what they are selling in HYH

    by yankees514 Nov 10, 2014 2:07 PM
    acanova2001 acanova2001 Nov 11, 2014 9:15 AM Flag

    I spoke with investor relations at HYH yesterday. They were nice enough to return my phone call. I was confused myself so I called to see. In the presentation you posted normalized net income is listed at $154.6 million for FY 2013. Based on 46.5 million shares outstanding EPS would be 3.32 per share. At current level of 35.82 the PE ratio would be 10.78.

    She was not allowed to give me any guidance but Morgan Stanley does have an EPS estimate for next year around $2.80 which includes about 80% of the spin off costs. When you strip those out, if this company can use the free cash flow and grow the business etc you can easily see how they can get to $5 in earnings power. Put a 12 multiple on that and you get to $60 pretty easily over next few years.

    Sentiment: Buy

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