RE:RE:RE:RE:PRE PROFORMA ( CONSOLIDATED ) VALUATIONMy evaluation of the company is very similar to your numbers. OLD PHM was in the dog house which resulted in depressed evaluation by the market. VMD is totally divested with the past and with it's demonstrated growth (especially the most recent quarter ending Sept) should result in a multiple of 16x. I suspect the latest quarter just ending in Dec will also show solid growth. Over two to three years, this should prove to be a very good investment. Maybe a dividend at some point which would be following a similar path to Savaria which even gets a higher multiple. I'm going to be smiling for some time.