NYSEAM:AEF - Post by User
Comment by
nini222on Mar 27, 2018 9:48pm
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
75 Views
Post# 27791674
RE:RE:RE:RE:RE:RE:RE:Low volume
RE:RE:RE:RE:RE:RE:RE:Low volumeWill really depend on how bad of shape those private label or w/e they are businesses are...let's say it's EBITDA is $36M ($153M+US$35M / 5.1 (per the PR). Now let's say you attach a 7x multiple for EV/EBITDA, you get a EV = US$252M, less the $152M of debt leaves about US$100M of value or US$1.42/share. This doesn;t factor in any value for hte PPNs. I also think US$36M EBITDA is giving them alot of benefit right now....the bank didn't and they would have seen 2018 forecasts.
Also, 7x EV/EBITDA for what by all public information are 2 rather crappy medium sized businesses may be generous.
Just my opinion but the biggest red flag is not so much the financials right now but more the management team - when u put ur money into a public company the management team importance cannot be overstated and these guys couldn't be less trustworthy or competent.