GREY:LGLTF - Post by User
Comment by
elmothefearlesson Sep 03, 2013 9:36pm
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Post# 21716302
RE:RE:Great Deal for CIBT
RE:RE:Great Deal for CIBTIf you look at CIBT financial statements, they are generating about a 40% margin on the educational business. It's their annual G+A of almost $7 million that is wiping away their profit. Tough to say exactly what that is. Bloated management salaries? R+D or business development expenses?
With every acquisition, the acquirer expects to realize post economic value added synergies. Price is what you pay, value is what you get. CIBT's past performance operating this asset is not indicative of LOY's future performance.