Anyone do some simple math on this or truely know anything about the company. From the outside looking in it looks like IIVI overpaid. 75 mil for 75% of a company that grossed 6.2 mil last year. I must be missing something.
Then again I thought LPWR and the company they bought last year they paid a high price for. LPWR they were mostly afraid of a competitor getting. The company that supplies the raw material that they bought last year was private and foreign but it seemed like a high price as well. That was explained away by explaining how rare those materials were and that this company was the key worldwide supplier.
Overall IIVI has been pretty fiscally conservative, and been a great company to own. Even when they do these deals that make me scratch my head - it all seems to turn out well in the end. I hope that continues and am looking forward to what they have to say at this years annual meeting.