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Re: structengr post# 5550

Wednesday, 03/07/2012 3:41:52 PM

Wednesday, March 07, 2012 3:41:52 PM

Post# of 54205
I am going to go out on a limb, based on their total sales, and my experience with selling a company. In 2000 I sold a manufacturing company with 15 plus million per year in annual sales. We were manufacturing metal roofing and siding for the construction industry. Now I know that this has nothing to do with EVDR, but bear with me. The company that I sold had a gross net profit of around 7 percent, included in the sale was buildings, manufacturing equipment, vehicles, inventory, and the intangible goodwill. Which I imagine is about the same things that ASCC has in their bin for sale. Our company sold to a publicly traded company for just under 7 million dollars, cash sale. Now I would say from my experience that most construction companys run about a 30 percent gross net before taxes... at least the ones I am familiar with. So if our sale was worth nearly 7 million at a 7 percent gross net, (nearly 7 times annual gross net) EVDR's company should be worth at least that much and that would only be 3 times annual gross net. Of course I know these arent the same business and we might have had more manufacturing equipment, but at the same time I am sure they would have much more equipment and similar buildings, warehouses, etc. So my guess would be roughly 7-8 million dollars, due to the fact that we would have had much more in inventory than what a construction company would have in theirs.
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