From the CTS board Makes CTS look good
Aimia getting clobbered today. They are buying a fish net manufacturer for 11 X ebitda and the shareholders are not happy.
Scotia has CTS making $211 mm ebitda in '23. At same multiple, you get $2.32 B minus $232 in debt and divide by approx. 210 mm fully dil. shares (??) and you get $9.90
Nice, no?