EAL is currently in discussions with a number of acquisition targets that meet its investment criteria and have the following attributes: • Ideal bolt-ons for existing businesses where management have earned the right for further reinvestment into their business by E&A (either a geography and/or complementary services ) • New services, such as engineered housing and asset inspection
And...
• Company is anticipating organic growth supplemented by earnings enhancing acquisitions at attractive prices.
Given so much stock is held by directors, it seems unlikely they would do anything to sabotage themselves. They seem to have a good acquisition record... Hoping for the best.
EAL Price at posting:
73.0¢ Sentiment: Hold Disclosure: Held
