To this I’ll say that simpler companies are totally priced in,...

To this I’ll say that simpler companies are totally priced in, whereas a company like EML allows you to uncover the value if you are able to read between the numbers.

The company is at an inflection point, pivoting it’s strategies through acquisitions. Naturally there will be earnouts, acquisition costs, and even compliance costs (we learn this the hard way). If you read just PAT, then this company is worthless now. Deep losses and cash burning to the ground.

I agree the GDV EBITDA CAGR is a bit of a marketing ploy to catch investors’ attention though. Given the strong sales pipeline conversion of 40%, now with the relevant costs built in, nothing is stopping this company from becoming a really strong play in the next 2-3 years.