RE:Combined Entity Financial EstimatesVery good numbers and those excluded Pappilon which closed in late March.
Recall that we were flying blind as to the financial metrics of pappillon.
I estimated $11 to $13 million US for papillon for a combined $22 million US in sales.
From this, I estimated net earnings of $1.9 million US or $0.085 per share.
in todays report, we find that had papillon been acquired on Jan 1, quarterly sales would have been $8.5 million US and net earnings would have been $540,000 US.
Thats $34 million annualized of about $40 million cad.
And , annulaized net earnings of about $2.2 million US or about $2.8 million cad or in excess of $0.10 per share.
Pretty good, for a blind estimate.
This is a steal at these prices..