Ebos Limited EBO

[winner69]

The PNZ acqusition was high volume low margin business.
It will be most important that future aqusitions are higher margins.
I see EBO have the distribution channels to add more profitable add ons to both human and animal health businesses.
When looking forward one must judge the company's history of success.EBO passes this test.
"You are better to pay a fair price for a good business they a good price for a fair business."

Thats why Masterpet is good for them .... a much higher margin .... might be able to learn something from how they work even if in different industries

Agree with your last statements .... no way am I deriding EBO ... as I said one of the few companies in NZ that have consitently earned in excess of their cost of capital ..... it's just I think that $7 is a not that fair price for a good company .... that guy also prob said pay too much for a good company and your future returns are diminished a bit .... or something like that

Was around at Masterpet the other day .... new bosses are very inteersted in how they operate but leaving them to their own devices at the mo