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Saturday, September 03, 2005

CaminoSoft (CMSF) assessment

The key word here is "unknown". How much money will they make over time? How much dilution will they have when they roll-over the debt? What is the company worth? Who knows?

If I were to guess, I'd say they'll probably earn about 1 to 2 million per year in some steady state condition, making the company worth perhaps $20 million. With a potential of 24 million shares fully diluted, it's probably worth less than a dollar, although that's just a guess. It's selling for $1.38, so that's wraps up this company for now.

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