Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: Carl Worth who wrote (708)	12/14/2006 12:00:45 PM
From: Glenn Petersen	Respond to of 3862

Post-acquisition, ARGL will have 5,961,301 shares outstanding. If you annualize the nine-month results, the EBITDA comes in at $5.5 million, or $.92 per share. The shares are priced at approximately 8 times EBITDA, which may not be pricey given the growth curve. Sales for the nine-month period are up 45% from the prior year. The backlog represents about a year and a quarter worth of business. Yes, it does look like a solid acquisition. The (heavily discounted) warrants are the play here.