RE:Must be accounting rules Mr. BayWall, August 18, I made the post that will follow below.......
I quoted the BMO capital market analyst "Ben Pham" who does not seem to share your opinion at all.
In his analysis about NPI, he evaluates the current value at 9 times the EBITDA...... Don't you find that very low as a valuation??
These are EBITDA and not furures imaginary figures ....
Regarding the future (but uncertain) gains you allude to in your previous posts, they are considered free at the current price of the stock....
Here is the post:
The selling in Northland Power's shares is an overreaction and the current discounted valuation, roughly nine times Ebitda, marks an attractive entry point for investors, BMO Capital Markets' Ben Pham says. He notes the shares have been caught in a downdraft due to capital cost inflation and lingering funding concerns, as well as worries about rising rates. Pham says valuing Northland's assets separately from its secured growth pipeline suggests investors currently are getting future growth almost free. BMO's outperform call and C$38 target is maintained; shares now up 2.6% at C$23.96.