A DCF valuation is well and good. However, a business with razor thin margins, with slight (at best) competitive advantages, selling essentially a commodity, under the macro conditions in which it finds itself, is subject to many uncertainties going forward. As such, there will be a very wide dispersion of possibilities in its prospects.
Give me a range of likely valuations, based on a range of realistic future scenarios, and I will pay you some attention. One hard and fast number (which incidently looks very optimistic to me), will not cut the mustard here.
A DCF valuation is well and good. However, a business with razor...
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