Innovative Solutions & Support (ISSC) - Market ignoring accretive acquisition?
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Price : $7.77 Average Volume: 27.8k Brief Overview ISSC operates in the aerospace sector, has been growing organically ~20% p.a. over the last few years, generates high incremental margins and stratospheric post-tax ROIC. A few months back, the company made an accretive acquisition of Honeywell’s product line with the potential to augment revenues and earnings bigly. The market has decidedly paid zero attention, with the stock trading -3.7% ytd and the proforma entity trading at a 10x to a low teens multiple (depending on one’s estimates) for what should be worth a lot more, reasonably valued.
Innovative Solutions & Support (ISSC) - Market ignoring accretive acquisition?
Innovative Solutions & Support (ISSC) …
Innovative Solutions & Support (ISSC) - Market ignoring accretive acquisition?
Price : $7.77 Average Volume: 27.8k Brief Overview ISSC operates in the aerospace sector, has been growing organically ~20% p.a. over the last few years, generates high incremental margins and stratospheric post-tax ROIC. A few months back, the company made an accretive acquisition of Honeywell’s product line with the potential to augment revenues and earnings bigly. The market has decidedly paid zero attention, with the stock trading -3.7% ytd and the proforma entity trading at a 10x to a low teens multiple (depending on one’s estimates) for what should be worth a lot more, reasonably valued.