I’d love to know in what world a 20x multiple is conservative for a service based IT business. Just look at the multiples for which TNT are acquiring these businesses and you will see what the market multiples are.
Tesserent have paid 2.5x revenue and 4x earnings for this acquisition.
this is just senseless ramping.
TNT Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held