Message Font: Serif | Sans-Serif
No. of Recommendations: 0
justfoolin - agree with your thoughts. My math works out lik this, start $156mn in estimated net income. Add in $36mn in interest expense from tender, tax effected becomes $22mn impact to net income. Pro Forma net income of $134mn on new share base of 22.5mn shares gives me a new estimate of $5.95 in EPS for this year. With small maintence cap-x needs, cash flow is very strong, should be able to pay down debt from dutch auction in about 3 years. With minimal same store growth and the stores added over that time period, the company should be earning almost $8. And it will once again be an unleveraged cash flow machine. You should check out as another source for value stock ideas.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.