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Soju Mochi

Could Saks be Bought for higher Price?

Yesterday, I wrote about Hudson Bay buying Saks for 16 dollar a share. Now, do you think the price is right? Saks still have 40-day window to seek out another bid. Any chance it could get higher bidder?

Well, I think it could. If you apply enterprise value to EBITDA multiple of 7 to projected EBITDA of Saks in 2017 and discounted that with 5% discount rate, you will get the price of around 18 dollar a share. Now, is that the fair price of Saks? Who knows. But could Saks get a higher bidder? Sure, but it would be hard to anyone to try to top Hudson Bay in my opinion.  
  • Pattara Suriyawong
    I think Saks could worth more than 16 dollar because there are potential in the omni-channel selling which will allow Saks to reach the smaller clusters of these customers without the expense of having a store.
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  • Cyber Bunny
    I agree, Saks has the top of mind presence in the luxury goods space to drive traffic to their Website for those consumers who do not have a Saks Fifth Avenue store nearby.
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