I was happy with my last purchase at $2.53 and am even happier with todays effort at $2.23. Hopefully that’s the last Bandaid I need as I’m a sucker for a good falling knife and have just spent my dividend cheque prior to receiving it. My holding is now slightly on the overweight side…..possibly close to morbidly obese.
Normally NRW wouldn’t announce small contracts like these but I think with them being for a Tier 1 company like FMG and with the price a little on the sad side it’s a good idea. Reassuring for the market that business is still ticking along nicely.
I’m sure that $4mil to purchase OFI is chump change and possibly more like purchasing people. Either way there should be some cost savings from efficiency of operations around having complete control of a company that was already a subcontractor.
Keep it up Jules….. the market loves a good earnings accretive acquisition.
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Price($) | Vol. | No. |
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Change
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