My take...So the convertible debentures are now trading at par - as i had predicted they would - and may move slightly higher into the $102-103 as an upside target.
However, now the stock is being mis-priced. This is a real headscratcher: the stock is signficantly de-risked based on debt maturities (none until 2019) and is now rolling out new businesses and starting a free cash flow run rate. The valuation based on EBITDA is very modest. There's been clearly a hiatus in the upward momentum but I am baffled as to exactly why and I haven't heard any substantive reasons from anyone as to why.