RE:RE:RE:RE:Optimism by Poirier at DesjardinsBBDB859, I think there has been come confusion and have to make it quick, its almost dinner time here on the west coast lol.
First I don't really know you, I've only been here what 1-2 weeks? I do like your numbers thou and trust your #s, no issues. Together we've only used EV/EBITDA, we've never talked about FCF multiples. Anyway, I have never suggested 18+x EV/EBITDA multiples, I only posted that NYU has an average of 18.49x on 70 companies in the aerospace/defense sectors. I do not agree with that those for BBD.
The other thing I did was post that I read an analyst report today that based GD/Gulfstream valuation on an FCF multiple of 18.9x and simply plugged that for BBD which gave a valuation of $264.40 CDN. I believe you have a valuation of around ~$303 CDN recently based on other multiples/calculations. So why isn't $264 realistic?
Could be some confusion of the double 18x multiples. Not saying I am right or wrong. Just adding in any research that I come up with. I disagree with even the upper analyst # by Desjardins of 8.25x EV/EBITDA at $143, that is too low
Again, as I said today, just trying to find an average thru as many ways as possible to say BBD valuation is over $200.