For the month of December, group average 2009 and 2010 price/earnings multiples increased to 17.9 times and 15.0 times from 16.7 times and 14.1 times, respectively. 2009 and 2010 group average Ebitda multiples also increased to 10.4 times and 8.9 times from 9.9 times and 8.6 times, respectively.
If GAXC was trading at the industry average we would be $2 share.
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