Post by
tesh on Mar 28, 2014 8:40am
$10 million EBITDA by 2014
The earnings release spent a lot of words on price increases, cost cuts etc. However, could not find much on growth in spaces. Their last investor presentation, which showed how they were going to reach $10 million in EBITDA, included spending $18 million on increasing spaces at a 20% EBITDA return on capital spent. I would think that that would equate to about 1,800 more spaces (about 7,000 in total) Can't attend the conference call today so hope someone asks them some questions about their expansion plans and timing.
Comment by
tesh on Mar 28, 2014 8:41am
Sorry - meant $10 million EBITDA by 2015