RE:RE:RE:RE:RE:Trading way too low Hmmm interesting @knicksman - thanks for the #s.
My preference is to look at it on an EV/EBITDA basis - so would add the $28M in net debt to the market cap - total of $88M.
So, more conservatively 8.8x EV/EBITDA. Although, certainly generating FCF and reducing debt at a pretty fast clip (10% EBITDA conversion on $100M of revenue = $10M per year).
I do think there will be additional bolt-on transactions over time as well. No solely a 'physical security guard" type business and maybe expanding into other verticals