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ion. This values assets of the firm
cheap Michael Kors Python cheap Michael Kors Hamilton Large Beige Totes Continental Large Coffee Totes at 0.9 times annual revenues and 19 times adjusted earnings for the year.
The quarterly dividend of $0.18 per share, provides investors with a 1.5% dividend yield at $48 per share.
Back Of The Envelope CalculationsOne thing strikes me immediately after the deal has been announced, which is the positive reaction from the market.
Shares of Jos. A. Bank jumped up about 8%,
cheap Michael Kors Classic Monogram Large Bronze Totes boosting the value of the company by nearly $100 million to $1.25 billion. At the
cheap Michael Kors Stud Quilted Large Pink Totes same time, the company is willing to pay a roughly $600 million premium for Men's Wearhouse, boosting the combined value by some $700 million. This means that the combined market value has increased by some 25% to $3.5 billion.
Jos. A. Bank is at current levels valued around $1.25 billion, or its operating assets just above $900 million after backing out the net cash position of $333 million. This values the company at 0.9 times annual revenues of $1.05 billion over the past cheap Michael Kors Pyramid Stud Large Beige Totes year, and roughly 11 times last year's earnings.
In comparison, the offer values Men's Wearhouse at 0.9 times annual revenues and 19 times adjusted earnings, which is explained by structural lower earnings at Men's Wearhouse.
To justify the premium earnings multiple of Men's Wearhouse, Jos. A. Bank would have
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