RE:Contra guys articleNot sure about Contra guys math or reading skills (not sure about my math or reading skill either though).
"As one could reckon, Corby had to pay up. When the deal was announced, Corby had a price-to-sales ratio of 2.4 and an enterprise value/sales ratio of 2.2. By contrast, Ace was acquired at 2.6 on a price to sales basis and 2.8 on an EV/sales basis."
Ace aquisition:
Sales $57M
Price $165M
Paid $148.5M for 90% buy other 10% over time.
Price to Sales is 165 / 57 = 2.9