$21.00 a share....what are they smoking?
posted on
Jan 06, 2009 08:09AM
If we use RPs words of hundreds of millions from settlements, lets use 900 millioin as a wild arse guess.
Now lets use 300 million outstanding shares.
Lets say the settlements cover 3, or 300 million profit per year.
That calculates to $1.00 earnings. Why would any company want to pay 6 + billion for 900 million earnings?
We would be lucky to get $3.00 to $5.00 as a buyout, even if the pps exceeds that amount and hits $10.00, which I hope it does.
I think RP was just saying we do not want to sell at any price.