GREY:IPRSF - Post by User
Comment by
Bringtherainon Nov 29, 2017 11:50pm
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Post# 27060583
RE:Broker thinks no buyout
RE:Broker thinks no buyoutIf you assume a $40MM run rate, and EBITDA of $4MM (higher than last reported) and a multiple of 10x EBITDA (very high) you get a valuation of $40MM. Total debt is what $70 or $80MM? So...equity all under water. Why roll back under water equity? Pointless exercise. TEC owns this.
Sell and take your loss to offset gains made on the best market we have had in ages.