Still too difficult to get a reliable fix on the valuation.
Should the increase in doctor pay be a couple of hundred thousand per year, inclusive of the effects of announced doctor departures, there could be a hit to EBIT earnings of around $10m resulting in an enterprise value of around $90m at say 5-6 times EBIT, which is equivalent to the debt amount, equating to an equity value of nearly zero.
Major dark clouds surround stock until further clarification of direction from Board.
En masse departure of institutions implies things have gone terribly wrong in stakeholder communications and trust in Board.
VGH Price at posting:
15.0¢ Sentiment: Sell Disclosure: Not Held
