Ascena Retail Group Inc fka ASNAQ

[RyGuy]

Stein Mart is in far worse financial condition than Ascena Retail Group (ASNA). SteinMart was just announced to be acquired by a private investment firm.

https://www.globenewswire.com/news-release/2020/01/31/1978183/0/en/Stein-Mart-Enters-into-Transaction-to-Become-a-Private-Company.html

Just a quick look at Data from Yahoo Finance. Stein Mart had very little cash left at end of last Qtr only $12 Million.Stein Mart had/has "Total Debt" of $573 Million.

Yahoo's "Total Debt" number includes leases.

A comparison of Total Debt/Sales ratio for both ASNA and SMRT:

SMRT - Total Debt/Sales Ratio is 46.24%
ASNA - Total Debt/Sales Ratio is 42.81%

At $.90 Stein Mart is being acquired at a Enterprise Value/Sales ratio of 0.49

Ascena is currently sitting at an EV/S ratio of 0.39

$60.00 a share would give ASNA the same EV/S ratio of 0.49 as SteinMart