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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (52767)11/11/2013 12:11:43 AM
From: Jurgis Bekepuris1 Recommendation

Recommended By
Shane M

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Last year Colfax acquired Charter International, a London-based engineering business several times its size.
So either they manage to integrate this acquisition and then it's cheap. Or they totally blew the acquisition and then it's not a buy at almost any price. So far results suck.

seems too rich for me for a buy at current levels.
Sorry, but this is totally crappy analysis for a company that acquired another one "several times its size". The valuation is rich not because the price is high. The valuation is rich because so far the acquisition is not working. So really the question is whether it will work at all. If not, there's no point to talk about "too rich", the whole company is in a toilet.

Overall though, I think it's not worthwhile to discuss these on Value Investing thread. Of course, they are all too expensive. I am not trying to persuade you guys that they are cheap. And your attempts to prove that they are "expensive" are just as hollow, cause nobody says otherwise. I think any further discussion should move to Buffettology thread.
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