Jan. 8 at 3:47 PM
$FWRG businesses whose implied growth is tied to physical real estate acquisition and build out are inherently limited in terms of valuation.
this company trades at a fraction of revenue and about 8.5x EBITDA to reflect this reality.
since just yesterday a key sellside analyst who is a huge BULL on the stock (Raymond James) lowered their EPS estimate for this quarter, the stock reaction is not surprising but now that expectation is built in.
who knows where it will go from here. place your bets, if you care to do so.
GLTA