the adjusted price post share exchange for the newly trading company comes in at around $8.15-$8.29, depending on which stock you use to do the conversion.
The Debt/EBITDA of the new company comes in at 3.46.
Since the equity is still being valued at less than $140M, the upside for the company that makes over $600M in free cash flow per year is tremendous!
If you extrapolate the situation out a few years, you'll have the company close out debt at sub-par prices, and eventually be kicking out over $25 per share of free cash flow, even after print declines.
Is that worth $8 today? You betcha. I figure that by the end of 2015, this will be trading over $200 per post-merger share, something that, if you buy today, will result in a 25x return.
News 
Market Data 
Discover 
