IBI Group Inc T.IBG.DB.E

Some comments on comparisons- Any other ideas for fair price

[Oakboy1110]

IBI Groups EBITDA as percentage of net revenue compares with Stantec and WSP Global-in the 11%s
IBI's debt as multiple of EBITDA is midway between STN and WSP 
The big discrepancey is share price to EBITDA - IBI -4.5, STN-10.5,WSP-11.1 and Calian-13.

WHY?  Looking for comments
Dividend Yields not that high - IBI could declare a dividend of 2 cents a quarter for a similiar yield of 1.6%
Growth of net revenue low compared to Stantec and WSP.  Growth of EBITDA is reasonally comparable to STN and WSP 
Hopefully management does not rush into aquisitions just for the sake of achieving growth.
My preference would be to be aquired by one of the big companies, even for stock, providing IBI is valued properly.

[Calgaryrider]

I was a bit annoyed Ho Scott answered the idea of share buybacks.  If you look at it simply, investing in IBI by buying and canceling shares means you’re getting $0.33 of EBItda per $1 you invest.  (That’s an EBITdA margin of 33%, really).  This is with little risk because the company is performing consistently..,,,the shares are at a deep discount (as Oakboy posted, any way you