how to defend a stock that it is trading today on a $110m divided by $70m EV/EBITDA ratio of 1.4 times?
If the shareprice seriously undervalues its worth then the obvious buyer is Silver Lake...yes?
After all it was Warren Buffett who said in a letter to his shareholders in 1984 :
"When companies with outstanding businesses and comfortable financial positions find their shares selling far below intrinsic value in the marketplace, no alternative action can benefit shareholders as surely as repurchases."
Maybe Silver Lake is not so outstanding.
SLR Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held