Too Cheap on Valuation to Ignore Any Longer... I don’t understand the relative valuation gap between PIF and other Power generators, I am slowly moving into the Fabrice Taylor camp that a takeout could be imminent.
Trading on 2017 Numbers of <3x EBITDA and adjusted for debt 5.5x EV/EBITDA when other players are easily double that valuation when PIF will continue to grow EBITDA 20% this year with a 4%+ yield.
I don’t get it, so cheap. Good things tend to happen to cheap companies on sound fundamental footing.
LONG