Jump to content

ITEX commences tender offer


Recommended Posts

Guest fedcep

Thanks for posting. This is a good sign.

 

Assuming shareholders tender 100% of the allocation, I come up with an EV/2012 EBITDA of 5.6 (versus 3.9 at $3.4, before the tender offer). This is still below the 6 to 8x EV/EBITDA that I think ITEX is worth, which would imply a share price of about $5.2 if they do end up repurchasing the million shares.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...