Laura Martin believes that Cox Communicationss RUIC V

Do you agree with her regression analysis of the relationship between ROIC and cable stock valuation?

Does Exhibit $5$ convince you that if ROIC does in fact improve as she predicts, the stock's multiple will expand?

For Martin's DCF$,$ she uses a $13x$ EBITDA multiple to determine terminal value.

What does this imply she is assuming is the terminal growth rate for free cash flow?

Does this growth rate seem appropriate and how sensitive is the valuation analysis to that variable?

In order to apply the real option methodology to value the "stealth tier" Martin needs to determine analogous inputs that determine price, strike price, volatility, interest rate, time to expiration$).$ Do you see any problems with how she defines and measures each of

On balance, considering any flaws in the real options analysis, do you agree with Martin's rationale for applying a real option value to undervaluing the stock based on only using more traditional methods of valuation analysis?