got plenty of ideas why.... - Revenue growth came from acquisitions...not much from organic - Invested another $30m (intangibles) on I'm not sure what.... - Balance sheet has gone from super strong to super weak in 12 months. Net current assets horrible now, plus $30m debt from nowhere Market cap of $500m....just not sure how it is justified. Maybe you could justify if the organic was powering on....but you would have to have a lot of belief if you invest at these prices....spending capex, buying businesses and talking up the size of the market is not enough for me.
ELO Price at posting:
$5.16 Sentiment: Sell Disclosure: Not Held