Tuesday, March 02, 2021 4:11:35 PM
If there is news everyone will see how stupid a valuation of $200 million is.
I have friends who own great operating businesses with large profits and sales of $50 to $100 million that are not worth $200 million.
One just sold his company for $125 million with EBITDA of $15 million per year.
Another is smaller company of $7 million in sales, with 27% profit before owner's benefits, and he's likely worth only $10 to $15 million.
And my son is a partner is a NYC PE firm who buys companies with great stories and at least $5 million in EBITDA and they are rarely worth $200 million. He bought a restaurant concept for $62 million, and sold it 3 years later for $180 million.
And GCEI is worth $200 million??? GIVE ME A BREAK!
ALL MY POSTS EXPRESS MY PERSONAL OPINIONS. DO YOUR OWN DUE DILIGENCE.
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