RE:RE:RE:RE:RE:A Screaming BUY..That was a good run up and the whole sector could benefit from some better days.
But with lower quarterly EBITDA - even when you add back $0.6m of transaction expenses, it looks like the $5 range is FV (assume $4m quarterly EBITDA, 10x (which I think are both generous) and consider the debt).
I just don't see how anyone could have been excited about this a year ago. Maybe some more acquistions will do the trick, but I doubt it.
The target price was lowered in Jan and I think it should be lowered to this level now. Maybe something a little more modest to $7 - $8 just to save some face, but it's foolish to think the SP could be $11 a year out.
Oh well, we all have our insights and opinions. I'll stick to mine. GLTA.