KAZ a buy or not?, page-4

  1. 834 Posts.
    No. SMX is more undervalued than KAZ. Both stocks will do 5c EBITDA/share next year. SMX is a cert, KAZ is subject to integration costs. If SMX execute their entire buyback it may even get to 7c FY03. KAZ is not yet through their integration so more clouds there than SMX. That said KAZ is getting pretty cheap relative to where it was (lost close to 60% market value in 8 months). I am growing more confident that SMX will hit $1 again before KAZ. (give it 8-10 months)

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