RE:RE:How far will Anonymous (aka Laurentian) go?woody999 wrote: There is not really any technical resistance left unless you count 7 years a go at 12-13. I don't put much weight on resistance that old. Is there much offered for sale over 12 now? You have access to market depth don't you?
Hi Woody I'll post depth tomorrow.
Technicals etc, the tea leaves, are always open to interpretation. Have learned over the years that a buyer will see a formation that supports buying and a seller will see a formation that supports selling, both of them will look for the same constellation and find a way to make it support their investment thesis.
Valuation is what matters.
We are at $245mm market cap.
Forward EBITDA around $33mm
So we currently trade at a hefty 7.4X EBITDA.
That's reasonable, we have room to keep trucking up to about 9.0X EBITDA.
So max upside based on fundamentals is about 21.6% from here.
And there's your target of $14.30 in line with Acumen's if $14.
Other catalysts for higher valuations can show up but they are not to be expected.
A rational stakeholder here would see the shares bouncing from $10.50 to $12.50 with the ebb and flow of economy stock market turbulence.
At my first white collar job, a money manager in his 70's used to teach me a thing or two. One of his first lessons was "Trees don't grow to the sky"......... We were talking O&G valuations back then, and if we should lock in 300-500% capital gains for some older clients.
This is a "trees don't grow to the sky" moment for GH.
Theres max valuation in place based on co specific fundamentals.