Ann: Acquisition Update & Adjournment of General Meeting-BUD.AX, page-72

@Choops

the fall in bud pre deals to me simply reflects the fall in the majority of nasdaq mid/small caps

the unicorn love affair peaked mid late last year - so now stocks are being priced more soberly

i was on BUD forum saying not to buy back then - because the market cap was so far ahead of where the stock was at

- no w the stock is much better value - being cheaper buit having higher cahsflow and pipeline. its now at a fair value though i still wouldnt call it cheap.

- but the good news is that BUD's organic earnings growth does appear to be of the non-garden variety.

and if that proves correct - then its current EV/sales ratio is ok and its ev/pipeline looks cheap.

but it all hinges on continued growth in both deal size and deal demand continuing to grow