14:17 Sep 22, 2008 |
French to English translations [PRO] Bus/Financial - Investment / Securities | |||||||
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| Selected response from: rkillings United States Local time: 09:43 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 +1 | at a big discount to the acquisition multiples for YYY |
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4 | Yes |
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1 | ZZZ is being traded based on the acquisition ratios of YYY at way below par rating |
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Discussion entries: 2 | |
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ZZZ is being traded based on the acquisition ratios of YYY at way below par rating Explanation: Hello, Just a guess, Rob. I hope I don't lead you astray. LOL. |
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Yes Explanation: Not a discount as such, but ZZZ's shares are trading very cheaply compared to the ratios (share prices etc.) used to compute the price being offered for ZZZ, or, more correctly, the price per share determined FROM the acquisition price offered. Of course to determine cheapness one has to compare the relative market worth of ZZZ and YYY. The sort of thing Le Journal des Finances throws at me all the time! -------------------------------------------------- Note added at 5 hrs (2008-09-22 19:30:44 GMT) -------------------------------------------------- IOW, if the intrinsic values of YYY and ZZZ are compared, and assuming the price-per-share equivalent offered for YYY is realistic and representative of that intrinsic value, then the current share price of ZZZ is way below what it should be. |
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at a big discount to the acquisition multiples for YYY Explanation: The 'multiples' are the ratios of the XXX's offer price on YYY to YYY's revenue, earnings, whatever (you don't need to know in order to translate this bit). So, if XXX is offering 2x annual sales for YYY, when ZZZ is trading at just 1.5x, then XXX is offering a big premium for YYY based on where ZZZ is trading, and ZZZ is trading at a big discount to what XXX is offering for YYY. |
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