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beentomyrasite

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beentomyrasite

Re: None

Friday, 10/09/2009 11:18:20 AM

Friday, October 09, 2009 11:18:20 AM

Post# of 1111
Valuation

Case 1, market cap:
$750,000,000 funding / 50M shares = $15 pershare. Let's say the entire 300M shares for debt offering in the treasury is used: $750,000,000 / 300M sh = $2.5 pershare. $1B in funding makes it $3.3 pershare.

Case 2, earnings:
ten casinos in Tunica at $1B Rev per year total, minimum per year for Myriad is $150M, 150M / 50M sh = $3.0 pershare. 2yr rev - $300M/50M sh = $6 per share.

average of all scenarios: $4.96 a share; more accurately weighted = $3.14 a share.
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