Every city has homeless people. The NYC homeless population is primarily mentally ill persons that happen to use drugs. Other cities homeless populations are primarily drug addicts. I’ve lived here for 14 years there is the usual spring bloom that brings people around.
Every city has homeless people. The NYC homeless population is primarily mentally ill persons that happen to use drugs. Other cities homeless populations are primarily drug addicts. I’ve lived here for 14 years there is the usual spring bloom that brings people around.
@dampedspring Gaining but it’s not because of my exceptional use of AI or AI. Environment has been conducive to stock pickers. Especially one focused on financial services since the release of Chat GPT
@riceforthought@Rok01T@shlonjay@WagieCapital@TylerHardt The market just told you it’s not worth that. Royalty stream with depressed margins at 33.5% operating margins and $300 mil operating income is worth an enterprise value of $1.5 billion. A inferior franchise with half the stores and 10% margins is not worth more.
@WagieCapital@shlonjay@riceforthought@TylerHardt IMO $27 at 8x ebitda is a stretch but best case. It was all a pipe dream they never had funding. PH just capped the valuation. No one will underwrite a take private now at these prices and Irth clearly doesn’t have capital to decrease leverage.
@shlonjay@riceforthought@WagieCapital@TylerHardt Seriously, what math gets you there? Round numbers - PH ex china $300 mil operating income at $1.5 billion is 5x. $PZZA “adjusted” EBITDA $200 mil at 5x $1 bil. Except PH deal was all cash (EV) so back out $727 mil in debt and you get to a stock of?