Journal Entry: 12 Aug 2013
Closing price: $7.59
Shares Outstanding: 61,909,000
market value of equity: $469.89
Debt, fair value: $42.36
Cash & Equivalents: $81.53
Enterprise Value: $430.72
Shares Outstanding: 61,909,000
market value of equity: $469.89
Debt, fair value: $42.36
Cash & Equivalents: $81.53
Enterprise Value: $430.72
normalized EBITDA less CapEx: $17.23
Pre-tax Cap Rate: 4.00%
I have no positions in the above company mentioned, but may initiate a long position over the next 72 hours.
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Nordion and Atomic Energy of Canada Limited resolved outstanding claims to MAPLE facilities. There is an amended supply and waste management agreement as an additional result.
ReplyDeleteSteve West, Chief Executive Officer, Nordion Inc stated, "This resolution provides greater clarity for Nordion and removes the uncertainty and liability around these matters..."
SHARES UP 7% for a nice annualized return since listed!
-settlement agreement, Nordion will receive CAD$15 million in cash from AECL, and AECL has released its claim against Nordion of approximately CAD$47 million for arbitration costs
http://www.sec.gov/Archives/edgar/data/1057698/000105769813000035/nordion_press20aug2013.htm