Jul. 14 at 6:52 AM
Management is trying to make a good bargain with
$FONR at current low prices and take the company private.
Even though they might control the company because they have many votes through a special share class, that doesn't mean that they can do whatever they want. They will have to pay a fair price or else there will be lawsuits. And I don't think paying less than net book value for a profitable, growing company (as they are trying to do now) is a fair price.
If you want to look at a comparable company, take RadNet
$RDNT for example. RadNet's EV/EBITDA multiple is around 18. If you applied that to
$FONR, you get a share price of over
$70.
