OTCPK:RKNLF - Post by User
Comment by
west12on Mar 12, 2015 8:05pm
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Post# 23516277
RE:RE:RE:TD re-affirms buy w $5.50 target
RE:RE:RE:TD re-affirms buy w $5.50 targetPart 3:
TD Investment Conclusion
Our target remains C$5.50 which equates to 9x EV/our fwd EBITDA
expectations 1-yr out. This is a discount to other enterprise software stocks
trading at 12-17x fwd EBITDA and compares to a range of 6-9x for slower
growth billing/policy stocks.