RE:RE:Interesting SA article on QIPT convertible debenturesPer SA article..."The bad news is that I did not believe, even with these dynamics, that QIPT shares could sink so low, to a 3.5x forward EV/EBITDA level. And because they did, and because QIPT has been my biggest position for some time, I have some significant paper losses in the name. "
The author misses the point that the company is neither profitable, nor FCF positive. Growth at all cost? Plus totally ignores other industry/external tailwinds. Thus the reason in my opinion why he is underwater. IMO
GLTA