Post by
CashFlowKing1 on Dec 20, 2016 12:36pm
New Research Report
Check out The Howard Group website.
New research report.
It still seems to me that the only way to justify only 43 cents per share is on the revenue ratios.
Forget about those silly EV/EBITDA and P/E ratios!
Comment by
SolidFuel on Dec 20, 2016 9:23pm
Start with any of those ratios... and then add at least $0.10 per share for all of the cash on the balance sheet, and that doesn't even account for the additional excess working capital (A/R way larger than A/P). No amount of spin by Howard Group or Christopher Gulka will convince me that $0.43 is a fair valuation. BTW: Note the EBITDA multiple on the Howard Group website... 11x