RE:RE:RE:Analyst upgrades, with more to comeI've followed and been in and out of TTR for years but today went in with more of a view to hold. Not much not to like about 2020 rev performance except I am uncertain how such a large swing up occurred in logistics revs. Trucking was otherwise flat-ish. Interesting to that overall revs up and trucking expenses up similar amounts. Receivables do not appear a problem up to now..I always get a laugh out of those prevailing surcharges.
Anyway, taking their $33MM EBTDA forecast for 2021 and taking out their possible tax and interest costs on their higher borrowing, I reckon with 44MM shares (with the pp today) their sp to EBDA (not EBITDA) ratio on today's price is less than 7x and I reckon it could be repriced for 8x, So $5.60 sp.