TSX:STB.DB.A - Post by User
Comment by
BuffaloBobon Mar 04, 2018 11:29am
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Post# 27657971
RE:Happy Campers
RE:Happy CampersSeriously? A 13 times EBITDA deal in this type business is tremendous. The market was never going to value this at this price. There is also the risk maybe the dividends are not permanent. Interest rates climbing. Labour rates up. All those things kept retail investors at bay. Institutional shareholders never liked the dividends and didn’t believe them. Other companies in this industry trade for 4-6 times EBITDA. This is a deal that was good for all shareholders. Cheers to the company for showing the naysayers and the Seeking Alphas of the world who said the Stock was worth $2-3 US. The big issue for Long holders like me is where to reinvest.