They also absorbed the debt so purchase price is considerably more than 1.5mil. It is still a great deal for IVFH shareholders. Look the math on what those numbers will likely do to EPS in 2018 and beyond. Stock should now be at $4 rather than $3. The stock market is just plain stupid over the short term. And I would guess we now know why they axed the BOD guy to leave! Buy buy buy!
reasonable Matt, but not proof profitable, 50 people and $4.9 mill rev is dicey as they are reselling things they have to buy. If $50k avg salary and $65k loaded (wild guesses) and they markup food 100% that would be roughly breakeven or loss.
Does anyone have evidence of sales besides my link?
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