Look at the stock over the past 6 years.. very simply it has not done much at all compared to business's purchased.
We now have Extra Revenue, Extra EBIT which in most cases should = Share Holder Value, however the biggest thing this company needs to realise, if you issue more stock to pay for the purchases = No Shareholder Value
This is simply the case, 12 months ago the stock was 22 - 23 cents, what is it today.. 24 - 24.5...
The right equation is - Organic growth first with right product and strategy, then in parralel aquisitions of similar business you can get significant cost savings from and this maybe the case with Beyond and MPH integration.
A great example of execution of this strategy is ABC Learning.
I hope someone at the AGM lets the board know, issuing more stock is not the answer to generating shareholder value.
Maybe the answer is Prime buys 100% of destra sooner than later rather than using it as vehicle to buy content for distribution. This is certain to add shareholder value.
Thats my rant..
Dave
DES Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held