GXL Target Price of $8.03/share, page-15

noonster, it all depends on whether the new management can deliver on:

* Fixing the problems in the Australian stand-alone vet practices;
* Stabilising operating costs at around current levels, or even reduce them;
* Slightly reduce capital expenditure; and
* Keep dividends at a sustainable level.

I believe they can do this. Then watch as the normally high growth in revenues translates to rapidly growing cash flows (at a higher % increase than revenue), paying down of debt and then again increasing dividends.

I also agree with Lightforce's points about the current value present in GXL, again providing management delivers on the above.