Update on Georgia Gulf Corp (GGC)

Georgia Gulf announced an improvement in results over last year, 2nd quarter Adjusted EBITDA was $62.0 million compared to $59.4 million last year. During the call they gave the following guidance:

Based on our second quarter results and our outlook for the rest of the year and on adjusted EBITDA basis we believe we will be near the top of our 140 million to $160 million range that we communicated earlier in the year. For the full year we are planning capital expenditures of 45 to $50 million.

The current enterprise value of Georgia Gulf is about $1.2 billion. If they hit the high end of their guidance that is a EV/EBIDTA multiple of 7.5x.

Also, there was an interesting exchange during the Q&A on the call.

Sabina Chatterjee - BB&T Capital Markets
Okay and what's your internal forecast on housing starts from North America that's based into this EBIDTA guidance of 140 to 160.
Paul Carrico
For U.S. housing we were assuming something around 612,000 starts, basically 50,000 starts more than last year.
Sabina Chatterjee - BB&T Capital Markets
And then, Canada?
Paul Carrico
It is at 170.

That was all from the Seeking Alpha transcript.