TSX:IBG.DB.E - Post by User
Comment by
Calgaryrideron Nov 12, 2018 1:26pm
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Post# 28960737
RE:RE:RE:RE:RE:Earning tomorrow after close
RE:RE:RE:RE:RE:Earning tomorrow after closeI don’t worry about a takeover at $8-12/sh.
I worry a little about privatization at $6/sh.
Fiduciary duty and specific laws do protect against the latter, though.
It doesn’t matter what metric you use, this thing is terribly undervalued.
Shareholder frustration must only be surpassed by those on the inside (the partnership) with the largest stake. This situation is one that I’m very appreciative of.
If the US picks up to 8-12% margins, it’s could be pumping out EBITDA of $50M per year (it’s $40+ now). So it’s tradin at crazy low multiples.
A great opportunity. I never thought We’d see this again.
I’ll be letting the dust settle a few days and hen buying again.