great post Cameron!! U write:
"So, let's look at valuations:
On my favourite measure, namely Free Cash Flow-to-Enterprise Value, neither stock is undervalued:
* FCF/EV
ARP = 6.8%
REH = 5.9%
On EV/EBITDA multiples, my next favoured valuation metric, ARP is the slightly cheaper stock, but again is not a glaring sell:
* EV/EBITDA
ARP = 8.9x
REH = 9.3x"
My query: ideally in what range do u seek (the above valuations) when looking to buy a stock?