May. 6 at 6:30 PM
$SLE Only 1,300 watchers on this one and a micro thin float. Could get real spicy once the rest of the world wakes up to the future realities. SLE had almost
$12 million in top line revenue last year during a disruptive year and was at almost
$25 million in the past. Even if they do nothing different on the sales side, they add another
$7 million through the Misfits acquisition and sit on
$20 million in annual revenue. At a price/enterprise value of 2-3x and with
$11 million in cash on hand and no debt, we should be at a market cap of
$51 -
$71 million. The Misfits deal only pushes total shares outstanding to 2 million shares (the additional 550,000 shares are only distributed at a price above
$18/share). Implied price should be
$25.50 to
$35.50/shares. CEO's incentive package doesn't prove profitable until a price above
$36 and
$60/share. Looks like they know where this is headed.
