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Edac Technologies Corp. Message Board

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  • uptabdowntab uptabdowntab Feb 17, 2012 9:26 AM Flag

    NEWS: EDAC moving into larger building

    $2.4mil of a mortgage is nothing. Heck they will probably even get lucky on the timing. They bought now at still depressed prices yet will not sell some of their own facilities for another year or two at probably much better prices. When all is said and done they likely upgraded facilities and capabilities for free....when you look back two years from now. Savvy move if you ask me.

    Though not without some minor risks if they don't execute the moving well.

    Cheers.

    $40/share in 18 months.

 

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