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Real-Money Stock Picks / Jim Royal


Subject:  Re: NRE Date:  12/1/2018  4:40 PM
Author:  srockaz Number:  4351 of 5001

Amazing, all the 'flirtation' with NRE may actually end!

I see the price has jumped to 16.36. At 20.50 NAV it's a 25% return. That's great for a 6 month (or less?) timeframe.

Attempting to factor in the Mgmt Fee Payoff:
SeekingAlpha shows a markecap of 815M. The 70M is about 8.6% of that. 8.6% of the $20.50 = $1.76 making an 'adjusted NAV offer' of $18.74 per share. At today's price of 16.36, that's $2.38/14.5% return. Still not too bad, if the scenario plays nice with the timeline.

Did this fast, hope it's close to right :-)

No NRE position
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