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Erickson Incorporated Message Board

  • linusfm linusfm May 10, 2013 2:32 AM Flag

    EBITDA expected to be $93 to $101 Million for 2013 (at a maket cap of 200 Mio)

    This company has long been under the radar. They have the best product and service in a growing field world wide and now they started the expansion strategy this year. This can become a very high market cap stock within the next 2-3 years if the strategy plays out. The stock has risen a lot in the last 9 months, but taking into consideration, that EBITDA forecast for 2013, it is only trading at a multiple of about 2 to EBITDA, which means regardless of the past performance, it is still a very cheap stock because the data has changed significantly over the last 9 months. If they play their cards right, there is no obstacle why this should not be trading at an average EBITDA multiple, it can very well be trading at 60 in three years. I am a long term investor, so I do not care too much about short term drops and pumper and dumper talk from people that are short or are looking to make a quick profit. Solid companies with a good strategy will do well in the long run.

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