I see 3+ ebita now, later this year or next year with Rochell and Bacchus 3 online it will be 6 then END could be over 10.
I agree it is cheap, even now if you look at the add backs of depreciation / amortization, credit fees and other one time items, END is cash flow positive. ( see the latets presentation page 6 )
The debt is whats killing them.
They should try to sell the US assets and reduce debt, at least make an announcement, maybe that is what they are working on with their special review board.
I do agree they are cheap.
Then buy more. That's what I did.
Sold at 4 bought back 100,000 shares at $3.25