vinno777 schreef op 18 mei 2013 12:07:
Highlights: (althans voor mij)
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1) These have become a scarce and
valuable asset
2) But there are
only four sources of high-quality maps. Google has its own, and Facebook may grab Waze. Navteq is owned by Nokia, NOK1V.HE 0.00% with whom Microsoft works closely.
That leaves TomTom3) The company now has an enterprise value, including net debt, of about
€850 million ($1.1 billion), or about six times this year's consensus estimate for earnings before interest, taxes, depreciation and amortization, or Ebitda
4) Apple and others
don't pay a lot to license maps.
But the risk of them
falling into rival hands could spark a bidding war5) The big obstacle is that TomTom's four founders control 47% of the company and aren't eager to sell. For other shareholders, though, TomTom's lackluster stand-alone prospects make a compelling case to
at least explore an exit. It would be a brave shareholder activist who would take on such a challenge. But it may offer the best route to realizing the company's full value
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Fijn weekend allen!
EDIT:
Punt 5, "
But it may offer the best route to realizing the company's full value".
(TomTom is momenteel ondergewaardeerd)