Had a look at this stock after seeing Camden55 mention it in passing.
Looks a good business that, in principle, ought to be worth buying on dips, such as now when there is a pause in growth.
The problem I have is with valuation. Looks like, including about $200 mil of debt, its on an EBITDA multiple of 9x, and a P/E 17x, which isn't that cheap at all.
All back of envelope stuff - does anyone have a more detailed/informed view of valuation on this one, and why it might be cheap ?
SAI Price at posting:
$3.35 Sentiment: LT Buy Disclosure: Not Held
