OTCPK:MGMXD - Post by User
Comment by
BoldForbeson Aug 11, 2016 4:37am
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Post# 25129642
RE:Increase in price target
RE:Increase in price targetI am working too much these days and haven't really digested the earnings...missed the call, but will listen to it later this week.
The $0.75 target seems low to me:
1. 13.5 multiple on 2018E doesn't appear to include any additional growth (at first glance)
2. 13.5 multiple x EV/EBITDA seems low compared to current industry (not saying the rest of the industry isn't wrong, low and negative interest rates are having interesting effects...).
I wouldn't be surprised if National Bank continues to increase the target by $0.05 or $0.10 every few months going forward based on new projects, etc.
Per a previous post, if you set the bar low and you make it you look like a genious!
Bold Forbes