Replies to post #386 on Covalon Technology Limited (COV)

[dr_airtime]

COV.V - finally bought back at $C 5.90 today....

...after selling most around $4.50 prior to big run up this year. Oops. C'est la vie .

Buying back higher but fundamentals better and I'm hoping correction is mostly done.

I'll buy more if she goes down. The intra-day ~$5.00 bottom could be the technical low but who really knows.

CPTMatt - as to your question from a few years ago. The purchase price for Avaguard was high on a P/E basis but not bad on a revenue basis (1.5X). I'm assuming there are huge synergies here and Covalon get immediately get access to Avaguard's US sales channel and maybe there is a play they are thinking of where Covalon use's Avaguard's waterproof shower bandage technology for their core products.