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Re: 2morrowsGains post# 60290

Wednesday, 12/06/2006 10:27:13 AM

Wednesday, December 06, 2006 10:27:13 AM

Post# of 173812
2morrowsGains...FTK...Hate to be a wet blanket, but the net income in the pr is based on the acquisitions interest being deducted from EBITDA. FTK (with $30M borrowed to purchase the company) will have a much higher deduction. Don't forget their full tax rate.

I'm not negative. I'd say it's a great acquisition to integrate into their company and allows them another outlet to sell through. This will increase EPS rather than the acquisition itself.

All IMO.

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