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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Ken Ludwig who wrote (173041)10/1/2012 6:21:24 PM
From: Ed Ajootian2 Recommendations  Read Replies (1) of 206195
 
Ken, Ridgeline (RLE.V) -- The way I look at, putting aside the earnout consideration (which presumably would not be due unless there is a ramp in income from the historical numbers), they paid $2.4M for the company, and since it generates 40% margins on $2M/year in sales that means RLE paid right around 3x EBITDA, not too shabby considering some of the consideration was paper.

The added income stream from this acquisition should further help RLE support a loan. Once they close on this and the Santa Fe Springs acquisition I would expect them to get some debt financing soon thereafter.
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