RE:RE:My Q3 Preview: Sequential Rev & EBITDA growth at 2.5x EBITDAFair point. Multiple expansion will come with EBITDA margin expansion and they can prove Bad Debt can stay in the 8-12% range. If private smaller players in the space they would be looking to acquire are getting valuations to the point PHM.V passes on acquiring them the base assumption for current PHM.V valuation is too low. HIGHER.