SEQ 2.33% 42.0¢ sequoia financial group ltd

One of many reasonable businesses that got unjustly infected...

  1. 16,536 Posts.
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    One of many reasonable businesses that got unjustly infected with the "Dump All Microcaps" Disease in 2023.

    Even after today's rise [*], the stock is still only trading at around 5x EV/EBITDA and around $7.0 X EV/EBIT, depending on how much D&A has been jettisoned with Morrisons which will now be equity accounted.

    [*]  And not sure what's changed, other than some information padding around FY2024's EBITDA guidance of $10m EVITDA (which had already been provided in a presentation two weeks ago)
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