RE:Voip Supply LLCAgreed. Different business with lower margin proflie. I would guess EBITDA margins between 5% and 10%. That said, I would think management would not pay more than 5x EV/EBITDA (after synergies) on a transaction. The company's acquisition track record points to some high paybacks. I think STC could generate EBITDA of $4.5 million in 2018 (maybe higher). Valuing the business at 10x EV/EBITDA would imply a valuation of $1.25/share.
Too bad there's a seller that needs to get cleaned up first :(
Place an order at 70 cents (not higher) and look for Beacon to come into the market with a big clean up trade.