Post by
microcaphobby on May 03, 2023 3:14pm
Emerson Electric on nyse EMR
Today's Barrons headline: Emerson's Earnings beat shows going electric is a Winning Play.
Article notes Emerson bought a company this year for for 20X ebidta.
wow. What does that make Hammond worth: 1.2 billion?
$100/share.
Comment by
Catscratch on May 03, 2023 4:02pm
At 20x EBITDA the share price would be $150+. That multiple is crazy though. Share count is low and float is tight. Hammond is going to keep marching up. Matt Lee and Derek Dley are making Canaccord clients a lot of money on Hammond.