From the only place where I get my daily dose of 'KNEWS!!.
I own two companies. One is software and one is engineering services. They are 'hand in glove' fit for delivery of services to customers. Small companies - combined revenues (we are an integrated corporate structure, both reporting to a holding company for consolidated results) around $3 mill this year.
We've received overtures for the last year from an entity that has $500 million in sales. They want to purchase us, but their 'mode' for purchases is asset based. We can't spell asset, much less show one for representing company value. We bought the software company as a stock transition from previous owners that expensed all development cost - hence, no asset value on the books.
We think our value based on cash flow is worth about 2X sales, and maybe 8X EBITDA, but our 'courtier' (the purchaser is always looking for a fire sale), has given us insulting valuatios and tentative offer based on assets.
What would you do??
I don't mean that sarcastically. I do really get substantial insight about humanity and current events (even business valuations) from the Bunk.
.... and, to you punks that don't shave daily - I'm not interested in hearing from you. This is not a LAMP.
My company is miniscule, but it is my retirement, so I need to make good decisions.
I own two companies. One is software and one is engineering services. They are 'hand in glove' fit for delivery of services to customers. Small companies - combined revenues (we are an integrated corporate structure, both reporting to a holding company for consolidated results) around $3 mill this year.
We've received overtures for the last year from an entity that has $500 million in sales. They want to purchase us, but their 'mode' for purchases is asset based. We can't spell asset, much less show one for representing company value. We bought the software company as a stock transition from previous owners that expensed all development cost - hence, no asset value on the books.
We think our value based on cash flow is worth about 2X sales, and maybe 8X EBITDA, but our 'courtier' (the purchaser is always looking for a fire sale), has given us insulting valuatios and tentative offer based on assets.
What would you do??
I don't mean that sarcastically. I do really get substantial insight about humanity and current events (even business valuations) from the Bunk.
.... and, to you punks that don't shave daily - I'm not interested in hearing from you. This is not a LAMP.
My company is miniscule, but it is my retirement, so I need to make good decisions.
