I was hoping by now they would have made an acquisition or two....

I was hoping by now they would have made an acquisition or two. But its better to take the time to make sure they get the right businesses for the right money. Delvex has obviously been a success which they need to replicate in any additional business.
I should imagine an acquisition must be close. When this happens the company will be revalued again.
So far the company remains on track.