RE:TJ - i get the advantage of pyd accumulating contractsI use the 6.7x ebitda because the global target they came with the .22 target used 6.7x
not very deal will be like tonkawa , but if they can secure minimum payments going forward like management said in the call then we can assume simular payments of 500 machines = 5 million ebitda
ofcourse these are estimates but they are self driven PYD estimates .
one again regarding buy back, a company cannot perform actions based on the remote possibility of a buyback. A buyback would do nothing for this company at all!