edit: edit: WRONG MIG!
it would be $300mil out to save $100mil.
sorta like the ameritrade commercial:
I spent $20 to save a dollar!
go back & read my post on the $260Mil NOL. i understand the value a bit more than i think you realize.
the *enterprise* isn't worth much... it's the IP & the NOL that has value. Wave's people, personal property & leaseholds have neglible value in a buyout IMO.
a more reasonable take-out price currently would probably be around $200Mil (or $3/share w/65mil shares).
a 33% (or so) premium from the price (today, at least).
edit: Snack -- "We know that Intel is paying Wave per board between $.50 and $1.50. SkS has already stated that."
please cite this source. i recall a stated figure of "between $0.20 & $1" cited for the NSM deal & SKS suggested it would be around $0.60. it was in response to Mr. Krazynski's question in the Q1 call (i think).
no, i'm not "trying to manipulate" -- but anytime i post once, i end up having to respond to zealous defenders of the holy sprague grail... it's inevitable whenever anyone says anything bearish about wavx.
edit 2: GKS - same as Snack -- please cite the SKS statement about INTC revs... i heard NSM, not INTC.
i didn't expect anything about any deals that weren't PRed, if NSM isn't ready to ship, SAY THAT!!! hiding it is farrrrrr worse IMO
thanks for the fine distinction b/tw Wave & WXP, 'cept it was PJS who made the blatantly WRONG statement & he just happens to be the founder, fmr CEO & fmr Chairman, who also just recently resigned from his post & was immediately placed @ the helm of the subsidiary.
yeah, you're right, it's apples & oranges...
edit 3: okay Snack, i'll look for that. Thanks CPA for the IRC update -- didn't know that NOLs were no longer considered assets for take-outs. Scratch my earlier appraisal @ $3/share... apparently too generous.
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