Agree it's pricey,but would be careful with Yahoo EBITDA number as the Company has only reported 8 months of activity.Ev number is what it is, but I doubt that EBITDA HAS been adjusted to capture a full year....Could be wrong,or at least questionable.
Someone took profits and moved on.Volume was about 4x average on Friday.Large sellers crash the price,especially with low float stocks. No news and we have a few weeks until distribution increase is announced. I wonder if we get another dropdown this year.
i expect a dropdown to occur when there is sufficient cash on hand and the same proportion of cash/debt/equity offering will be used like the first dropdown....just unsure of the size of the 2nd dropdown