RE:Share Structure mattersI disagree that EPS will rule the day. Almost every analyst's go-to metric is is EV/EBITDA in this space, I dont really see that changing...
mcha20000000000 wrote: Absolutely no other Canadian LP is diluting at the rate ACB is.
You can have all the capacity in the world (which has been one of the main focusing factors so far), but if costs are out of wack, if there's a lack of supply deals, and if you spent too much on the assets you acquired then you are going to run into a problem.
Fully diluted this puts them at slightly over 1b shares. This assumes no further dilution is needed to build Aurora Sun as well. EPS will rule the day in the end, and if earnings won't be increasing at the same rate as their recent share issuance, then it will ultimately stunt their share price growth compared to other Canadian LPs.