Value Microcaps Motherboard

[wadegarret]

SS- RM

I just looked at the company. One thing you have to consider is the recent 2.04 share offering that happened in Decemeber 13, and an additional 306K optional shares, which were not in the fd count at Dec 31. That would be 15% dilution if included. If we retroactively state the Dec qtr based on that, EPS would be $.55 instead of $.65. Also the non gaap $.73 would have been $.62. I don't know if analyst estimates of $2.85 in 2014 take into account this dilution or not, but if not, we should lower that to $2.42, which would make the stock fully valued at $24 IMO.

http://finance.yahoo.com/news/regional-management-corp-announces-pricing-014800941.html