timber1956Yes multiples are hard to identify & that is why I...

timber1956

Yes multiples are hard to identify & that is why I suggested 8 X and qualified it with conservative.

The challenge with Redbabk is that it has had a checkered history of breakdowns and would probably require a reasonable investment to make it more bullet proof.

Having said that I believe the multiple is north of 8 X so its all upside, the longer the board takes to reduce debt and increase EBITDA the greater the return!