RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:This stock is so frustratingAlwaysLong683 wrote: I think STC just happened to buy S2S at a time when the tech sector had been doing well in terms of share price appreciation, so they paid full price for it given the environment at the time, then, shortly after the deal, the Canadian small cap tech sector fell apart. I think the acquisition was a wise one as the company needed scale and a larger presence in the United States to compete with the big boys, and S2S had been a successful company with big US clients before STC acquired them. Perhaps you can blame STC for not having a crystal ball and know in advance how the next 12 months were going to play out, but going father than that is very misleading in my opinion.
They paid over 75% in shares for S2S (at the STC valuation at the time of acquisition), so they didn't really overpay, imo, all things considered.
With their latest acquisition, the current market cap of STC will be around 2x revenues, which seems undervalued.