At 4% PBT margin, that's 80m pre-tax. Add in a few mill for construction overheads and the raise earlier this year, and it's probably $83m-ish.
That's still 20times pre-tax earnings. Quite expensive. Yet, Vlad continues to buy...
Worth noting - every time DDR have expanded their floorspace in the past, revenues have increased very quickly. They have a habit of constraining themselves to a warehouse, then quickly adding products/vendors once more space becomes available. (A/V and 5G/IoT comes to mind here)
If it weren't for Vlad's buying, I'd probably lighten the load. But his constant on-market purchases make the above scenario quite likely.
DDR Price at posting:
$10.02 Sentiment: Buy Disclosure: Held
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