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15/03/22
12:02
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Originally posted by Trader088
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Some people here are well - delusional.
$6? At this point? LOL.
The company is a great company that has done well.
The result was good without being knock your lights out great.
No numbers were provided for that the increased CAPEX will deliver - if that was for forecast growth then you need to trim FCF projections.
Fair value is about $4.
Takeover premium of 10-20% is a good ballpark.
The board will likely accept anything in the $4.50 - $5 range.
My preference is as close to $5 as possible obviously but that is REALISTIC.
Sure it may be worth $6 in 2 years - but there is execution risk along the way and whole host of other things. As a buyer you need a discount for that risk.
I have held this thing since 31c and averaged up along the way. I am a "believer" as much as anyone. But lets be realistic and rational - not zealots.
Hopefully you all prove me wrong and we get $6.
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My investment horizon for this company is at least 5 years. Hence why I think $6 is bare minimum to take seriously from my perspective. I think we could comfortably be there in 3-5 years.