Wow!Almost at the IPO price, when it was 10 million in revenue. Now I see/ project 20 million in revenue. Acquisitions are conducted as such that dilution is minimal, and only really occurs if EBITDA targets are met.
Most of their target markets are outside of areas associated with a housing crash such as Vancouver or GTA where a quarterly pull back was just released.
Further acquisitions of companies with no exit strategy or legacy plan, indicate promising asset growth immediately accretive to the bottom line. Very little competition due to capital requirements and geographical restrictions inherent in the buisiness.
No debt that I know of.
Fot a small cap, I think this is a pretty safe bet. And if we start to trade at higher multiples, I would expect to see some further purchases utilizing stock as currency. If executed correctly, this strategy, and stock price should do well.