RE:RE:Acacia focus shift to diversification I think there may be some truth in your belief Wilander. I recall a quarterly conference call during teh Parker regieme and McEwan talked about using debt to execute a transformative transaction in answer ot an analyst question (CIBC, as I recall). McEwan's argument was that if teh acquisition target was profitable, that the profits or EBIDTA could nore thanb service the debt.
That direction was not executed by that group. Possibly hte reason for not doing so was timidity or it may have been that the underlying valuations did not meet corporate criteria. I think we will find out the answer in the next 12 months, or sooner. There is nothing wrong with the solid, smaller, niche, strategic tuck-ins direction; it can build a very profitable business, but takes time, discipline and an unwavering adherence to the overall strategy.
But if QTRH wants the market to talk about it and ITS in the same breath, a bolder foray is needed to get attention. Given QTRH's strong financial/strategic discipline (imo), a transformative acquisition must meet three key criteria: financial metrics, be on strategy, and change the market perception, in that order.