Unilens Vision (fka UVIC)

[amatuer33]

The only thing im comfortable doing a DCF calclulation is my hewlett packard calc which is lost but Ill try and explain my reasoning whithout any hard numbers.

If you assume the royalty income continues in its present amount, it's about 2.8 million a year. Ill just say three.

So 3 mil for six years is 18 mil. Or less depending on the rate you use. The market value of the stock with the new share count is around 12.4 mil. And then theres about 4 mil of debt net of cash and recievables, inventory etc.

When the share repurchase was announced, I wondered how bausch and lomb missed that one. The royalty they pay alone would have been able to finance the stock purchase.

I guess what I was thinking was let the cash flows from the royalty finance the buyout and you get 6 million of annual revenues for very very cheap. Seems to me those numbers would jive for a bausch and lomb or a coopervision looking to grow revenues by aquisition.