3-5% ebit margins quoted so, being conservative, $200M rev and lowest end of range (3%) gives $6M ebit; with every $10M of additional revs yielding another $300k ebit and every half a percent improvement in ebit margin yielding another $1M of ebit on $200M base case rev.
The wildcard is any additional acquisitions and what multiple they can buy them at, how accretive they are...
NOD Price at posting:
6.5¢ Sentiment: None Disclosure: Not Held