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A 2% increase in revenues goes straight to the bottom line which is approximately $2.8M. Market has factored this in and priced WTF accordingly.

I think WEB acquiring WTF is a not an issue. I think the biggest issue is the ~$126M sitting on WTF's balance sheet. It will be interesting to see what the new CEO will do with it. Acquisitions?

What Ive always wanted to see was a share buyback funded through debt say 10% of issued equity. A 90% to 10% debt to equity capital structure to me sounds more efficient and does not increase the company's risk profile.