RBC's coverage and valuationAny clients of thiers?
I'm not one.
I guess I could send an email to ask if they are still covering. Regardless, it would be helpful to know where they went.
Otherwise, interesting volume going on now. The 'wait and see' attitude is passe. It will take a few quarters to show up, but a billion feet (1,000,000 mfbm) * a CAD$200 margin is two hundred million CAD in earnings.
That's huge!!
I expect that in a few years EV = Market cap. That means no debt. So the Market cap of maybe $250 M will equal the EBITDA????
So EV/EBITDA = 1.0??? When the sector average is 6.5? And the broader economy is 12.0+?? Crazy right.
That's how to make some serious money.