Dream, your multiple is really conservative. The semi conductor industry is somewhere around 30. Lightwave hardly carries any fixed and expensive assets or infrastructure. It’s more like a design or software company and therefore has a much higher ROA than the capital intensive peers. I would claim that 30-40 may even be conservative.
Dream, your multiple is really conservative. The semi conductor industry is somewhere around 30. Lightwave hardly carries any fixed and expensive assets or infrastructure. It’s more like a design or software company and therefore has a much higher ROA than the capital intensive peers. I would claim that 30-40 may even be conservative.