TSX:IBG.DB.E - Post by User
Comment by
patenrighton Apr 16, 2014 2:17pm
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Post# 22459502
RE:RE:RE:RE:what happened today?
RE:RE:RE:RE:what happened today?
of course, fair value is 3-4 in my books , but we all now stocks can overshoot on both downside and upside so 5s is possible by year end as this was beaten down so bad , that it could certainly overshoot on way back up .....
$4 stock is an enterprise value of around $88M in mkt cap + $180M debt = $268. with 10% ebita margins on $330M in sales that is $33M or an EV/ebitda multiple of 8x which seems about right for the industry as some of its competitors are trading at 8-10 x multiples. this again assuming 2014 bonds are refinanced successfully and thus the finanical risk is lessened.