RE:RE:RE:Optimism by Poirier at DesjardinsWhat are you talking about Letsmake?
The Valuation I showed on this board on the weekend was using the current EBITDA. If you were here on this board long enough, and you know me? You would know that I love using FCF because it's clearer. FCF is what I'm used to using and I even use +FCF which is NET NET (All expenses & interest) to the company. And the 18 X multiple used even on EBITDA, would probably be good for a company with strong defense clients. The +FCF on companies like GD with higher Revs would be ok to use too. But for Bombardier 18 X EBITDA would be too high. Desjardins is using 6. 8 X EBITDA for Pete's sake. That's why I say that we're way undervalued. If they used 18 X EBITDA the share should be in the $400's.
Either way, I've seen this 18 X multiple you've used on FCF in the industry. You have to be careful by just tosing higher multiples. We're pushing $110. Where would 400/share be today?
Letsmakemoredol wrote: BBDB859, I've never seen you use FCF multiples before so why do you say that multiple is rich? I am searching thru multiple ways to find a true valuation of BBD, one of many is Gulfstream. Also remember Gulfstream is having problems with supply chain and deliveries right now plus G800 certification. All I know is my fair valuation of BBD is over $200. If yours is $150 thats cool.