Cash/share 25% going to 55%
At dec. 2020, IFP had $7 / share of cash(25%)
From all we are hearing from US home builders demand will be even stronger in 2021
than in 2020 so if we take a conservative approach,IFP could end up having more than
$950m in cash ($15.25 or 55%).For sure this won't be because something will happen before.
What, i don't know.but what i do know is that the share price will be MUCH, MUCH, higher.
Also for those who don't know the maths of EV.It's market cap + long term debt less cash.
For IFP to trade by year end at a multiple of 6 time EV/ EBITDA,the share price would have to be $82.
Like JohnnyTSX wrote,insane indeed but the math is the math.