EI Nino has ended, wetter years are coming, page-14

Looking at the limited info provided for the recent Enlog Pacific purchase, at an uniformed first glance, appears to be inexpensive.

In an interview from a couple of years ago Simon indicates that often times DGL may well be the only logical buyer for founders looking to exit family businesses.

Initially, assuming that this was correct, i viewed this as a benefit to DGL shareholders.

However, given the lack of market interest in DGL I find myself wondering if that is indeed the case.

If pricing for these 30 yr old business with founders wanting / needing to retire is without extensive price competition then is that in itself not a reason why "the market" won't apply a beneficial multiple to DGL...

2Sigma....your thoughts.?

GLTA.