GREY:CSOSF - Post by User
Comment by
DTM5on Jan 26, 2013 8:20pm
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Post# 20895295
Agree
Agree It is a good acquisition target in a growth region (Western Canadian Energy sector). You are right they moved way to slowly over the past few years to turn thigs around.
I sense any acquirer would have a clean up job on thier hands - On over 100m of sales they barely have net earnings and EBITDA is also modest.
This company should have net earnings of 5-7% (5 - 7 million) and a market cap of 35 - 50 million (1.60 - 2.40 a share)
At 1.50 a share an acquirer is betting they can drive value out of CSA. Lets just hope another company wants to take a shot at this.