By: Benzinga
Gabelli & Company Reiterates Buy Rating on Layne Christensen Company
In a report published Friday, Gabelli & Company reiterated its Buy rating on Layne Christensen Company (NASDAQ: LAYN ). Gabelli & Company noted, “Our 2013 (FY2014) PMV of $39 per share, calculated by using a blended multiple of 7.0x EBITDA on the business, implies a 42% margin of safety for
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