mk - exact question I had on my mind. Assuming Flotec is about the same size as DDI and growing at about the same pace as DDI, we would essentially be two times everything we are today. Share count being the same, a very simplistic calculation would be to double our valuation to $5 (based on DR's existing/old valuation). I'm sure we'll get a much better analysis and a valuation based on that from our other posters.
just back of the envelope: with this latest acquisition of flotation technologies they really are almost doubling the value of the company imo. so let's use as a starting point DR's estimates which are .07 for 2008, and then .13 for 2009 -- remember, this doesn't include FT's revenues at all.
okay, moving on... let's say they pick up .02/share from FT this year... at a 30 pe (compare with SLB which has a 24 multiple and is huge) that's about $2.70 a share. next year? i'll bet you they could add at least .07 to make it .20 eps, but let's say it's just an extra .05 eps, for a total of .18.... that's still $5.40 per share.
AND... what if they do another deal which is even bigger than FT later on in 2008... then another one in early 2009...
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