Post by
redcoats on Aug 24, 2023 11:15am
Takes awhile
To fully integrate and digest these new purchases. It was 6 months, and several record earnings reports before AEP hit it's all time high of $1.44 after it's last subsidiary was purchased. This purchase was five times as big as HiTec, but should add about $30 million in annual sales, and about $10 plus million in EBITA, given this new entities previous earnings and potential synergies. Look for a much higher high, sometime over the next six months. Happy smiles!
Comment by
redcoats on Aug 24, 2023 11:28am
Typo: EBITDA Also, I liked analyst's comment, "That multiple represents a 49% (share price) discount to the 8.1x at which the closest peer trades (Builders FirstSource [BLDR-NYSE, Not Rated], in line with the 8.2x it traded at in late February)".