GREY:LGLTF - Post by User
Comment by
cdnexposureon Dec 02, 2013 10:03am
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Post# 21959279
RE:BUY: Jacob Securities $1.25 Target Price
RE:BUY: Jacob Securities $1.25 Target Price
Great update from Jacob.
And I feel that they're being conservative. EBITDA margin for Q3 was 23.9%. Jacob is forecasting 2014 based on a 20.7% margin. Management might be able to acheive 25% margins IMO, so Jacob would be on the low end.
Another interesting footnote that I found discussed the fact that the KGIC and MTI acquisitions can further reduce the seasonal impact of the current business by extending into additional areas of ESL training (such as professional career training).
That's something that I never considered before and found it to be a very refreshing fact.