RE:RE:RE:RE:RE:Floor ValueI agree with the valuation as well, pretty simple assumptions considering PHO's business model. If there's a surprise upswing in revenues then the previous valuation models might come back into play, but until that time $1 - $1.20 is fair value. Ebitda margin could be sensitized between 25% and 35%, but still won't change valuation much unless revenues grow.