Another stellar performance yesterday. And the company ha sreally said nothing since AGM... only named one of the parties they had already contracted to for $20 million.
The company has increased earnings and dividends every year for past 4 or 5 years and seems likely to do so and that is why it is easy to just let it do its thing.... Take a look at the 5 year chart and these bumps fade into insignificance and you will see why $2 is a walk in the park..
Assiume earnings of 12 cents a share ebitda this year or next and put a ratio of 15X and you get $1.80 and then let them grow as they have confidently said they expect....And company is virtually debt free and has furure revenue in the bag... beats buying a bank that does not control its own destiny and has no real assets.... for me anyway...
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