I calculate this contract based on the lower 5% and my pre contract win estimated 2019 revenues of $230M will add at least $12M of revenues in 2019, making total estimated 2019 revenues of $242M.
Again based on my pre contract win estimated 2019 EBITDA of $44m this new contract will add 40% of $12M or $4.8M to my estimated 2019 EBITDA. This is nearly an 11% increase and yet the shares have gone no where since the announcement except for a day or two.
I think this is a sleeper. Sonata and BVS look like an absolute gem. The growth rate of Sonata is phenomenal.
Company must be being marked down for its funds management business.
Has anyone got an opinion on what Sonata is worth on its own?
BVS Price at posting:
$3.02 Sentiment: Buy Disclosure: Not Held
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