A fellow investor who's much smarter than I am thinks it's worth a shade over $1m at the EBITDA level. So, about a 14% haircut to forecast EBITDA, which was supposed to be "an increase" (of unstated size) on FY18's $9m and change.
A good part of me is absolutely furious about the slow and steady downward trajectory of KKT's forecast earnings and sp, consequent upon at least some things within management's control. KKT has been a very expensive ride for me so far. The optimist in me however says:
1. some of it is out of management's hands - eg this contract loss
2. it's still very, very, very cheap (and yes I'm aware it's been cheap for a long time, and only getting cheaper over that period...)
3. the smart money that got in ahead of the halt and exited today already sold it down 14%...so if your valuation is pegged directly and linearly to EBITDA, well it shouldn't go down any further tomorrow!
