EBITDA increase of $1 millionDoug Cooper at Beacon has the run rate for F19 Ebitda at $14.6 million as of August's update. Adding $1 million onto the operating cash flow through this aquisition represents an increase in EBITDA of 6.7%. This means, according to my calculations, that PHM is presently trading at 3.2x F19 EBITDA. In the update he raised the 12 month target to $0.45 based on the industry average of 12 x EBITDA. Presently with this run rate and not taking into account that they seem to be growing organically at a higher rate than the industry, I come to a 12month target of $0.4875....
A 4-BAGGER IN THE MAKING
Technically, even though some here discount its validity (to their own peril), the sp may be attempting to complete a continuation triangle initiated on May 3, 2018 and has recently had 2 closes above the 200 dMA....something that it hasn't done since November 27, 2017. Whether or not the triangle turns out to be bullish or bearish is yet to be seen, but the fundamentals are supporting to the upside IMO. Personally I am watching very closely for 3 days of closes above $.0.145 as the bullish indicator. Multiple closes below $0.115 would refute this thesis IMO