POTENTIAL FUTURE TRADING VALUE ANALYSIS Sample Clauses

POTENTIAL FUTURE TRADING VALUE ANALYSIS. Bear ▇▇▇▇▇▇▇ computed the present value per share of common stock of the Company under several future trading periods and based on an assumed 7.5 times to 8.5 times EBITDA multiple. Such analysis was based upon the Company's expected EBITDA in fiscal years 2002, 2003 and 2004 utilizing the Company's projections. Bear ▇▇▇▇▇▇▇ computed implied future values per share for 2002 through 2004 and discounted such values to arrive at present values using discount rates of 11%, 12%, 13% and 14%. The potential trading value analysis implied a range of values per share of common stock of the Company of $15.36 to $27.92. Bear ▇▇▇▇▇▇▇ noted that the consideration of $18.50 to be paid to holders of the common stock in the Offer is within the range indicated by this analysis. ANALYSIS OF VARIOUS SEGMENTS MAINLAND RESIDENTIAL SEGMENT