Looks like it will have to be a decent sized bolt on acquistion if they want to get there in a year. That raises the question of how it gets funded, because it looks like all the equipment is funded via lease/HP and that is looking a little stretched as well. Kinda hard to see a PE of c30 for a good margin, well run company that is either going to have to gear itself up even further or issue equity to reach the revenue targets (unless they buy low margin revenue and can generate syndergies)
LBL Price at posting:
91.0¢ Sentiment: None Disclosure: Held
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