RE:RE:RE:Good sized acquisition annouced
"without significant accretion to holders" Accretion will exist IF the net profit generated by the acquired Ontario centres exceed the interest cost of the $22,000,000 borrowed for the acquisition.
The net profit from the acquisition would have to exceed $1.1 million a year for us to see $0.01 share profit.
Nice geographical diversification but it may be a while before we see substantial profits for shareholders.