ha ha at the idea that anybody pays attention to me. just not the case. by the way, I've laid out my argument before, you could respond.
-when you value Unitek at 5x cash flow ex leases, then you get a value below the $180M of the debt. how then is the equity worth anything? because I'm slow, please carefully lay out the a) ebitda ex lease payments and then apply the appropriate multiple, using the example of MBND
If you do that, you'll find that the value of the equity is less than $0.
You're looking at it as a retail location. No idiot would put a 3rd tier electronics retailer on a parcel that large. Read the Yelp reviews, they all say "the best thing about this store is the parking lot!" It's not a retail location, it's the site for an office building. It was in escrow for $17.5M without the mattress store, so it's probably worth more as a complete parcel. It's not going to do a huge amount to move the stock, but for a company short on cash, it would add about $20M to the current $60M of working capital.
For those you waiting breathlessly for the lifting of the Fabulous Fab Egg embargo, it's over. And this eggstravaganza is . . . some worthless tax assets. The Yahoo! message boards deliver again! Gotta love it.
It's just kind of marking time here. Putting a buy stop at $8.14 might prevent a lot of aggravation in the meanwhile.
One #$%$ advisory deal. that is really horrendous. now he says that cown picked up big lease liabilities in the dr deal? it just gets worse. $50m buyback after issuing a ton of shares under $3, what sense does that make? cohen's days are numbered.
Macmall: "demand for those products went through the roof"
Enterprise: "the services pipeline is very strong"
Public: "in the long-term or even medium term that that business will be growing rather aggressively"