@thunderhead1,
My thoughts on this deal are no different to the thoughts expressed by you and others.
I think it fails the pub test.
When you pay 26x EV/EBITDA, even if you then avail yourself of thin capitalisation rules to minimise your tax obligations, you are still factoring in significant growth in order to recoup your capital, plus a satisfactory premium for your troubles, over 24-years.
This feels to me a bit like a "trust-us" kind of acquisition.
Or one that works because of some deft, fleet-footed financial engineering.
A bit out-of-character for TCL management, I feel, compared to the other major acquisitions of assets and other companies, which it has undertaken in the past.
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Last
$13.44 |
Change
0.070(0.52%) |
Mkt cap ! $41.71B |
Open | High | Low | Value | Volume |
$13.49 | $13.50 | $13.42 | $77.16M | 5.771M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 35645 | $13.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.44 | 544 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150 | 13.390 |
1 | 50 | 13.370 |
3 | 635 | 13.250 |
1 | 620 | 13.240 |
1 | 1000 | 13.200 |
Price($) | Vol. | No. |
---|---|---|
13.480 | 1180 | 2 |
13.490 | 7651 | 2 |
13.500 | 33853 | 7 |
13.520 | 2708 | 2 |
13.530 | 1500 | 1 |
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