so why $.38 a share?
avid by itself should be worth $1 per share assuming
w/ avid expansion pro forma
Contract Rev $66,000,000
Cost of Manuf $34,181,982 52%
Gross profit $31,818,018 48%
Avid sg&a $11,000,000
EBITDA $20,818,018
Multiple cash flow 11 times $228,998,201 $0.97 per share
Throw in Bavi IP and $60 mil in cash and $0.38?
we either have an IP problem (the engine) or a mgmt problem (transmission problem) meaning mgmt cannot communicate value... nor have they even made a feeble attempt?
Pohl, Swartz and Johnson... where is the value to the company? we have a broken transmission and the only ones that can fix it are the problem....
enough protecting the family jewels argument because pretty much all shareholders providing their pay have been hit in the family jewels one too many times...
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