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blue dog

01/22/15 1:41 PM

#92498 RE: risk on #92496

Of the naysayers, Risk is a denominator guy, and AVB is more a numerator guy. Risk dwells on the number of shares, by which we must divide SNEY's value. AVB focuses on the numerator: what is SNEY worth, really? Show me some actual revenue in the numerator, and I will forgive 2.5 billion shares in the denominator. Would I prefer 2.1 billion shares? Sure, but dividing a non-zero number by a large versus a larger number gets us farther than dividing zero by anything.