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Philip Davis

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  • Lamar Advertising -- In Your Dreams! [View article]
    They are still in 2006 but projection is for them to earn .64 a share, roughly $65M in '07, but that of course is after paying down existing debt (or at least servicing the interest).

    My point is, if you are going to plunk down the extra $7Bn to buy this company, a net of $65M a year is just not going to cut it for most people! An acquirer would be limited (by a rational lender) to less than $1.5Bn in debt meaning they would have to come up with $5.5Bn in cash and stock just to pay the current market cap. You really don't want someone like me as a shareholder when you propose dilluting me by $5Bn to take on this company - even if it is Google doing the buying!
    Jan 15 12:06 PM | Likes Like |Link to Comment
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