To sum up, I believe TheStreet is undervalued on its space today. The intrinsic value of the company is substantially higher than it was two years ago. Earlier I mentioned the recent high valuations for digital media company such as BuzzFeed, Vox, and Business Insider.
Bear in mind, valuations in the B2B space are soaring well. SNL which competes with our RateWatch division, sold for 38 times earnings in July. In the last 12 months Dealogic, Ipreo, and DBRS, all sold for high valuations.
This is a stark contrast to TheStreet which is trading under one times revenue. As management and investors, we are very excited about these valuations. Despite the complication on our balance sheet related to TCV, our Board, our team and management see a path to building our predictable profitable company that benefits from our unique place in the digital media universe, a key differentiator is been as a public company we are focused on profitable growth.
We believe we are building a company that could be even superior to these companies, and create commensurate shareholders value.
Read more here.
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is she making jokes? co still has lower revenue from when 2008.
and is jim cramer planning on working until end of time? he is biggest asset and will retire eventually