Gotta love it when the bashers come out. Sure sign we go higher
So when is 3x cash flow over-valued? Its not, overvalued is a bank allowing a borrower to buy a house for 10x their annual salary. Buying at 3x cash flow is historically sound even if it results in goodwill on the books. Nothing wrong with goodwill if the underlying company is producing the cash flow.
This big price dip is just a great buying opportunity to lock in some excellent yields. My only fear is they are heavily weighted in California which is very business unfriendly right now... State basically being run into the ground by idiot pandering politicians. Best news would be if they move those business to Nevada!