Over priced at a 7x PE? There are none that I can think of that also have a 6% div yield.
Acquisitions are relatively inexpensive in this industry for the very reason you’ve mentioned. Fair point on the debt but I can’t imagine their bankers letting these guys go beyond 2x EBITDA which is manageable. Remember they can always reduce dividends to pay debt down faster. Also agree that the report doesn’t exactly scream load up (yet). Keen to see the market reaction. I’m guessing slight softness all else equal
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