ILC:AMEX $.54 Profitable stock in hot teleconferencing sector with 25% growth 2007 Forecast EBITDA of $5 million Fair value $2 based at 12 X EBITDA DD Summary
ILC provides teleconference and vidoeconferencing services a HOT sector with companies cuttimg back on travel ILC has 33 MM diluted shares outstanding and a $17 MM market cap.
1) In the last quarter ILC achieved EBITDA of $800,000. ILC is forecasting in excess of 25% growth for 2007.
2)The potential value for ILC is in the $2 range BASED ON PROJECTED 2007 EBITDA OF $5 MILLION and a reasonable valuation at 12- 15 X EBITDA.
Comparables:
Another videoconference company, RNDC, was purchased for $160 MM at a value of 16 X EBITDA.
3) ILC just shored up its balance sheet- it now has positove working capital.
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