re: boom logistics 2 go boom???? h'mm just purchased sherrin...

re: boom logistics 2 go boom???? h'mm just purchased sherrin @4.9 times
wow!!!

if they can raise the $$moolaha and got the cash flow coming in, all well and good but boy my concern here,(and i am not a shareholder)is that although they might be acquiring on face value what seems to be a good buffett type like organisation the BOL board might end up paying top $$$ if the cycle does not continue

but who really knows anyway??????

i thought the general rule of thumb was that paying more than 4 times was seen as getting on the expensive side?