My Thoughts on acuity:
I'm going to keep holding it:
1) valuation is very attractive, 5x FCFE
2) If they can't grow sales, they'll be bought out
3) If they do share buyback, it'll definitely double
4) they guided for $20-25 mil revenue growth, that's about $25 mil ebitda, 4x EV
The Risks:
1) They lost a major client, which is gonna impact Q1 sales (limited y/y growth)
2) If they aren't able to grow, value will become book value = $1.80 cad
3) Bait and Switch: Did they use the illumin platform to hide stalling sales of their legacy platform?