Axel Springer's CEO talks about why he bought a majority stake in @BusinessInsider and invested in @Thrillist.
https://t.co/Yy3V2cepH5
— CNBC (@CNBC) September 30, 2015
We don't know fundamentals of Business Insider but we know they were acquired for SIX TIMES FWD SALES. TheStreet @ $60 million revenue times 6 would be $360 (High Teens) million market cap. Beginning of Digital Media
TheStreet has just over 34 million shares outstanding @ $1,68 per share values the market capitalization @ $60 million
If TheStreet was valued in line with Business Insider , $442 million divided by 34 million shares would be $13 a share , 7.7 Times Higher than its current stock price
note TheStreet pays a dividend
The Street has 31 million cash
No Long term debt
Subtracting the $31 million cash from $60 million mkt cap values THeStreet underlying business @ $29 million
EQUITIES RESEARCH : STRONG BUY THESTREET $1.68
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