acted. For example, if you take into account the growth in the firm's EBITDA and the new debt levels from cash flow pay down, the Company traded at Enterprise Value to EBITDA multiples lower than they were at the depths of the recession! To make matters worse, the Company had recognized the fundamental disconne

in their primary market as determined by S&P Global Market Intelligence, based on stock price history, trading volume and availability of estimates. Enterprise Value is defined as Market Value plus Debt minus Cash and Cash Equivalents. LTM is Last Twelve Months. EBITDA is defined as Earnings Before Interest, Taxes