Pretty much talking to myself here although there are a few readers. GLTA
Q: What is your on Neighbourly with a 3-5 year time horizon? Is there good value in purchasing this stock?
Shares are trading at 45x earnings, which is not cheap, however earnings are expected to show high and accelerating growth over the next few years in the 30% to 60% range. So we think the valuation is reasonable for the growth. The company has carved out its own niche in Canada and is implementing a roll up acquisition strategy which we believe is working well so far. NBLY has also been able to pay down debt over the last few years while growing the business. It is not profitable on an earnings basis today, but is expected to be next year and has had free cash flows since 2018. We believe shares have very good upside from these levels over a 3-5 year period. (5iResearch)