RE:Initiating coverage: Best in class -- GMPthats kind of a joke report. they just made a bunch of money on the IPO so you know they can only do a positive report..
using a 10 year DCF with a 9% discount rate is almost useless. most people cant forcast out 12 months , so 10 years is a guess. lastly 9% is a pretty low discount for such a high risk sector. might be a great company, just overvalued..