The top 100 stock
market authors
selected for publication
market authors
selected for publication
Chungst
»
Comments
» Single Comment
| 
Comments by Ticker
96 comments
Rating: -12
(2 
-
14 
)
-
14 )
-
The Seeking Alpha 100
See all
Seeking Alpha 100 » -
Fastest Climbers
Authors with the largestSee all
increase in followers
in the last 7 days
Fastest Climbers » -
Top Commenters
Top commenters,See all
as ranked by their peers
Top Commenters » -
Top Instabloggers
The 100 most active
Instabloggers.-
1
TraderMark
-
2
Don Dion
-
3
Cliff Wachtel
-
4
Mike Havrilla
-
5
James Quinn
Top Instabloggers » -
1
-
Top StockTalkers
TopSee all
StockTalkers.
Top StockTalkers »
-
IMO, Mr. Tilson got it wrong.
Apr 27 17:05 pm
|Rating:
0
0
All Comments by Chungst »Why We Doubled Our Position in Borders [View article]
First, who wants to pay 6X multiple for a business that hasn't been profitable for the past two years?
Second, why didn't Mr. Tilson factor in Capex in his valuation -- Capex averaged $160MM for the past three years.
Think about it, it's a money losing business AND it requires $160MM, on average, for Capex needs. Based on these observations, Mr. Tilson believes it is worth $14 a share.