Mgt has been iching for another accretive acquisition
Not puling trigger yet due to valuations. Healthy balance sheet and cash flow keeps this a hold as PERI navigates the next transition quarter. 2014 could shape up to be a nice organic year of growth as well as add on properties addding sales and cash flow.
I give management a pass on this quarter for conservatism but they are clearly looking to grow in/out. Valuation is still a bargain given where eps will be TY