ah ok got it. I'm in the business. My opinion is $30+ fair value. Has been since last year. Medicare is bulletproof and is 80% of their business now. Medicare commissions rates get updated the last week of May each year, so in 2 weeks they will let the public know what the rates will be for 2019. Each of the last 3 years they have raised commission rates. Bottom line is as they book Medicare enrollees, on average they last on the books for about 4 years and the money paid to EHTH on that business has been increasing, leading to higher margins.
Market cap is $357M today on $25M EBITDA, but really its closer to $30M 2018 EBITA as Medicare commission should expand.
I expect them to have $35+M EBITDA in 2019 and even $40M EBITA shouldn't be an issue there.
Penny Stock Analyst, not licensed, but may as well be...
