RE:RE:Beacon raised estimate to 15.50 Canadian, was 12.50 CanadianAnd Cooper's annual EBITDA numbers translate into $1.15 (Canadian) per share. Core business providing close to $1 per share. 15 x gets you to $15 without the one time product sales. We now need management to continue to excute and as each quarter plays out, more investors may develop the confidence in the company to give it a 15x multiple.
With his update, Cooper has revised his estimates, now calling for 2020 revenue and EBITDA of $115.0 million and $32.6 million. At the time of publication, his new $15.50 target represents a projected return of 63 per cent.