Jan. 30 at 3:46 PM
$FARM from a very smart analyst.. "I see the enterprise value listed at
$87.80M, and even with a 50% premium to today’s close, a buyer would only need to bring in about an additional
$18M, putting the total sale price around
$106M.
Market Cap:
$36.72M
Total Debt:
$54.90M
Cash:
$3.82M
Enterprise Value:
$87.80M
We identified plenty of potential suitors, including some big players, and if this business is even mildly interesting to two or more of them, a
$120M sale price doesn’t seem unreasonable. If buyers are hesitant and price is the only driver of interest, then sure, they’d likely only step in at a rock-bottom valuation. I’ll keep it simple though — the fact that they extended the CEO’s bonus incentive from the end of last year into this year tells me they likely already have a buyer. We should know by next week"
