Quiet board. I think I get why a company like this could be cheap. They did a big acquisition this year. Those don't help nowadays. They have plenty of debt. Never a good sign.
Still, smart financial investors are paying 15X EBITDA for real estate assets in the US now--and that includes operating real estate deals like hotels and parking facilities. If you assume $400 mm of EBITDA here less $2.365 mm of debt then 15X gets one to equity value here of $3.6 billion or roughly double current market capitalization.
Will someone please point out the flaws in this reasoning to me? I like a good debate and would appreciate any comments.
hi I dont track bkd as I am a deep value buyer and srz and suhn and knd have been cheaper...would like to see bkd acquire srz...group is looking better ...im up 1000 % is srz and 50% in knd...intelligent life bought cheaper but bkd is a leader