Special Situation: ∼50% upside in a potential Squeeze-Out
Generally, I agree with you, however in this case - I think EV is misleading because they have most of their assets in PP&E - which is certainly worth something in a squeeze-out, but wouldn't be included in their EV.
If you talk EBITDA, you should compare it to EV, not MarketCap.
Generally, I agree with you, however in this case - I think EV is misleading because they have most of their assets in PP&E - which is certainly worth something in a squeeze-out, but wouldn't be included in their EV.
If you talk EBITDA, you should compare it to EV, not MarketCap.