That was quite an interesting news release...50% more recurring revenue and 40% more customers than orginally reported for this acquisition.  How often does that happen?  And cost savings too, some $300k per year.  That synergy alone is more than enough to justify the acquisition.  (I'm still trying to get my head around the $300k savings number.)

 

If the advertised metrics hold up, we can expect - once the cost savings work their way through the system - an eps increase of a little less than half a cent from the effects of this acquisition alone.  That's quite substantial.  Add that to the 1+ cents the company makes now and multiply by whatever p/e you like and you'll see just how undervalued the company is.

 

Wow, that was impressive!