RE:RE:RE:RE:QTRH could go to........... Kind of like the lame rationale of someone that bought a home in North Oshawa for $1.5M at the peak of the pandemic when it was worth $0.5M the year before. Because they built a Kelsey's and a Keg only 15 minute drive away. Wow!
Can try and justify it in any way you want. The reality is they paid Toronto prices (Transcore multiple) for a tier 3 asset (North Oshawa particle board special).
And Cannacord is the only one that has called out the fantasy of 50% growth in ITS earnings to generate a $2.50 target. If that growth isn't tracking as anticipated, down she goes to pre pandemic North Oshawa pricing.