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Re: Mermelstein post# 18122

Wednesday, 01/31/2018 8:40:03 AM

Wednesday, January 31, 2018 8:40:03 AM

Post# of 19254
Given the goal of 2018 EBITDA of $3.8M I've got to believe current EBITDA is at least in the $3M range. Contrasted with the $1.5M purchase price it seems like they got the company for a song. Sounds like Food Gourmet was drowning in debt.

I'm generally not favorable to my micro-caps making acquisitions since the failure rate seems pretty high. That said it looks to me like this is going to be highly accretive to IVFH EBITDA (and hopefully EPS)

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