RE:RE:RE:Port Moody Valuation - $45-50 million?This is what I interpret the valuation:
On the earnings call they said they expect Port Moody sale to happen in 6 to 12 months. Debt to EBITDA is currently 4 times and they are targeting 2-2.5 X. On the CC they expect Port Moody sale would get a little more than half that. Using 2.5 puts debt at 125 million. 206-125 x 50% = $40.5 million. Using 2X = $53 million.
I expect $45-$50 million for the sale of Port Moody.
How do others interpret the info provided on the CC?