hardt - a bit bored today so did a TGH DCF valuation using my methodology

For what's it worth using your ebitda growth assumptions (except term growth at 2.5%) and discount 10.5% I get $1.31

Using my assumptions I get $1.42

As amatter of interest Tegal management cash flow forecasts to support ebitda us a 4% ebitda growth and discount rate of 8.8%