RE:RE:CIBC Correction. 12 month target price is $3.98. Sintrom savings are $2 million/qtr or $8 million/yr....
lscfa wrote: I see $3.38 for 12 month target price based on 2016 exit rate ebitda.....
2016 Guidance $30 million (before acquisitions) + $8 million (acquisitions) + $2 million (Sintrom savings) = $40 million ebitda
Using CIBC's 10x multiple => $400 million enterprise value
$400 million - $62 million in debt = $338 million market cap
$338 million / 100 miliion shares = $3.38 share price