Ackroo Inc V.AKR

@ the Bell: Markets firm following debt ceiling deal

[Jon Brown]

Equities in Canada’s largest edged up on Thursday, all over a pause in US rate hikes and the passing of a bill to suspend the debt ceiling. read article.

[Jon Brown]

Investors often keep focused on the most consistent plays, when times of renewed uncertainty rears its head in the markets. read article.

[Jon Brown]

On the final trading day of May, Canada’s main stock index closed even lower on Wednesday as crude oil prices fell. read article.

[Torontojay]

Steve Levely made true on his promise that the company would get back to the rule of 40. This is when ebitda margins + revenue growth exceed 40% and he managed to accomplish this in the quarter. 

[Rogg47]

Calmate, 1st quarter in yearsssss (about time) that this co is making profits... They will have to repeat this a few quarters before the market get excited

[SushiGobbler]

Steve is a great capital allocator for certain, this little company has been steadily improving and growing for several years now, I think 2023 will be very rewarding for holders, especially given

[ando]

Steve has been ahead of the game when looking after every dollar is concerned. That is a major reason I have accumulated a substantial position in ACKROO. Every dollar should be respected.  This

[ando]

Agreed 1000% The results are great. Delivered positive EPS, huge earnings and revenue growth.  Steve and his Team are lazer focused on delivering $$$$ I have been quietly been accumulating

[SushiGobbler]

Market is sleeping on this one, anything under .12 is free money once markets head upwards.. GLTA   https://finance.yahoo.com/news/ackroo-releases-q1-2023-financial-120000936.html

[Torontojay]

Thanks Ando. A good interview and lots of updates. 

[ando]

I really liked what was said in the latest update. Well worth every minute of the watch. https://youtu.be/RaVPQJQ8dOM Take a look Ando

[Torontojay]

The good news is that the company will improve its balance sheet with the divesture of Gggolf. The bad news is they acquired the company for $1,800,000 and sold it for $ 1,600,000. Instead of making

[Torontojay]

I personally believe he's being reckless in this environment taking on another acquisition. The balance sheet is very poor and he should be growing organically during this time and improving his

[ando]

Hi TorontoJay  My belief is that every morning we get out of bed,  life is risky.  That said,  I believe the deal was done at a .12 valuation. On top of that debt has been taken

[Torontojay]

Hi Ando, what are your thoughts on the acquisition?  I think it's risky given the current environment and I would have preferred them to improve their balance sheet instead.   

[ando]

From these levels is pretty much guaranteed with Sckroo. Buy down here and enjoy. 

[Torontojay]

Historically speaking Ackroo would acquire companies at multiples of between 1.5 to 2 times sales. Today, Ackroo can be acquired for the same multiple. The drop in share price makes sense given the

[Torontojay]

The news article about the company being earnings positive is referring to ebitda as "earnings" which is misleading to investors. The company paid down debt from the cumulative cash flows