Did a quick hash of the numbers and I came up with roughly 10m improvement to the companies operational cashflow with the acquisition at a cost of lets say 69m.
Not terrific but definitely not terrible either.
The value of the debt to my calculated operational cashflow is higher then I prefer, yet manageable at current margins.
Would love to see them reduce it down to 100m in the next 12 months to really start seeing the affect on the bottom line.
TGR Price at posting:
$4.06 Sentiment: Hold Disclosure: Held
