Junebug--Don't think dividing purchase price by cords is an accurate valuation method. Primary valuation methodology for the entire company will be a multiple of EBITDA of which the company has little. The trajectory of EBITDA growth is also important and the company has guided for a decline which would imply a low multiple. The recurring revenue stream is its most valuable asset, but any buyer will have to pay off debt and slash overhead.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.