ITEX commences tender offer

[OracleofCarolina]

I thought some of the board members would be interested.

 

ITEX Commences Tender Offer to Purchase its Common Stock; at $4.20 per Share - Yahoo! Finance http://t.co/L9VCzuaO via @YahooFinance

 

 

 

[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.