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Microcap & Penny Stocks : Pacer Technology (PTCH)
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To: BlueCheap who wrote (379)3/14/1998 9:55:00 AM
From: WallStBum  Read Replies (1) of 726
 
8-k discusses the acquisition of Cook Bates. Pretty interesting reading. go to freeedgar.com . They purchased Cook Bates for under $5 million in cash, which according to the 8-k was a DISCOUNT to the net BOOK VALUE of the assets acquired. WOW! The acquired Co. has over $20 million in annual revenues which will add to Pacer's ~$25 million. This acquisition will NOT be treated as a pooling, so the quarter over quarter and year over year revenues should look REALLY outstanding comparatively going from $25M to $45M. 8-k stated they'd have proforma'd fin'l stmts out by May 18, 1998, so we'll get the whole picture then - will be interesting to see what kind of margins, etc. Cook Bates had. But I'd expect lots of improvements after the operations are merged and scale of economy are realized. Hopefully, the costs of the acquisition and related charges against earnings won't be too burdensome, but who knows.

dax
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