Apr. 3 at 6:11 PM
$MDXH painful decline last 2 weeks, no doubt. I think mismanagement of expectations and technicals vs anything truly fundamental.
I expect 25mm EBITDA in 27 and 35+ in 2028.
Within 12 months, if we are tracking there, this should trade 10-15x 28 EBITDA conservatively.
350mm- 500mm EV.
120mm net debt.
230mm-380mm mkt cap.
/55mm shares
$4-7/sh.
Best guess is they look to sell at that point.
Michael is 63 and looking for the finish line.
3x rev very reasonable.
600mm EV. 480mm mkt cap.
$8.75/sh.
Annoyed I got run over on my large
$3 purchase a couple weeks ago, but I’m looking to add down here.
Talking to Michael on 4/6.
