RE:Bbtv new purchaseJohnnyStonks wrote:
Acquisition are a sign of a dying company, right?
Companies with a large debt load during a period of rising interest rates are vulnerable regardless of tuck-in acquisitions IMO. May be a case of whistling past the graveyard....?
BBTV Financial Statements dated June 30, 2022:
Current Assets: 46M
Current Liabilities: 80M
Goodwill: 157M or
42% of the 371M in total assets
(this is what you get when the company is a serial acqurier of other companies)
Now add high inflation and rising interest rates to the mix.
Personally, I wouldn't touch this company.