Post by
Th3mtl on Aug 30, 2021 1:20pm
A really good acquisition
I think it's a really good acquisition at 1.33x ttm revenues and with good gross and EBITDA margins. Wishpond still have a lot of cash as they only have to pay 1,333,334 $us for now. In the latest interviews the CEO mentioned they have a solid pipeline of candidates for acquisition, so more to come on this front. Looking at Brax website I noticed they charge a good amount for their services 199$/month for up to 10000$ ad spent and it increases with the ad amount. I guess Wishpond will offer this in premium packages and charge more for this service. https://www.brax.io/
Comment by
prophetoffacts on Aug 30, 2021 2:38pm
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Comment by
Yeppers12 on Aug 31, 2021 3:52am
This company they bought is worth ~$2M. Wishpond was worth ~$65M before the aquisition. After the aquisition it's worth $88M. Someone pumped this stock $23M in market cap on a $2M aquisition. That is laughable. They pumped it in August where there's little-to-no volume. Enjoy the dump when it happens.
Comment by
Th3mtl on Aug 31, 2021 8:57am
So many things are wrong in your analysis of the value of this company I don't even know where to start or if I should waste energy on this! XD
Comment by
Th3mtl on Aug 31, 2021 1:08pm
Yes it's what I also think that it could be an incredibly accretive acquisition!