Pitty about the massive earn out costs.. Otherwise looks like a good deal. But potentially $30m odd worth of earn out payments to come if the businesses hit their straps....
So really this is a $50m acquisition. For around $4m EBITDA pre synergies/growth etc....
Obviously they think this number is going to be a lot bigger.
I am torn with it. No doubt it will keep powering as everyone seems to love this thing.
RFL Price at posting:
52.0¢ Sentiment: Hold Disclosure: Held