More Topics:
IPO Preview: GSE Holding
Posted February 9, 2012
We Recommend...
By IPOdesktop
Based in Houston, Texas, GSE Holding (proposed GSE) scheduled a $63 million IPO with a market capitalization of $165 million at a price range mid-point of $9 for Friday, February 10, 2012.
GSE is one of nine IPOs scheduled for this week (see our IPO calendar).
SUMMARY
Makes plastic membrane covers for garbage, mining, etc sites. GSE's been losing money from 2008 through 2010, and in 2011 made a small profit of $1.9 million while paying $15 million in interest.
This is a leverage buyout retry at a lower valuation than the first part of December, when failed to go public.
CONCLUSION
At the current price range mid-point the price/earnings multiple for the year ended December 2011 is 65, which is very steep for the plastic membrane business.
BUSINESS
GSE makes synthetic linings for hillsides, solid waste containment, oil containment, concrete protection, etc. READ FULL ARTICLE HERE
blog comments powered by