Stock price when the opinion was issued
It is paying down debt at $200 million per year and is half-way through the process of paying off the total of $600 million. When debt is paid off and it is generating $200 million excess capital it can use this capital for dividends and share buybacks. As they approach this point we should see the stock price increase. It is worth about $450 million today. Buy 7 Hold 2 Sell 0
He likes snakes and ladders but there are no ladders here. There is uncertainty with tariffs but this is oversold with the general market. It claims to have paid down $400 million of debt and is ahead of the plan.