AutoInfo has announced a sale to Comvest Partners at a price of $1.05 per share. The transaction is expected to close by the end of the end of June. While I applaud the decision to sell, I am extremely disappointed by the price. $1.05 represents a trailing P/E of 8.5 and a trailing EV/EBITDA of 6.2. In reality, the valuation is likely lower. AutoInfo's last financial statement was for the quarter ended September 30, 2012 and the company has very likely grown and generated cash since then.
AutoInfo Sells Out - AUTO
AutoInfo Sells Out - AUTO
AutoInfo Sells Out - AUTO
AutoInfo has announced a sale to Comvest Partners at a price of $1.05 per share. The transaction is expected to close by the end of the end of June. While I applaud the decision to sell, I am extremely disappointed by the price. $1.05 represents a trailing P/E of 8.5 and a trailing EV/EBITDA of 6.2. In reality, the valuation is likely lower. AutoInfo's last financial statement was for the quarter ended September 30, 2012 and the company has very likely grown and generated cash since then.