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Novation Companies, Inc. Message Board

  • rooky_is_lucky rooky_is_lucky Nov 19, 2011 6:00 AM Flag

    Accretive Acquisitions? Streetlinks, Advent and now Mango?

    So far both Streetlinks and soon to be Advent have been accretive aquistions of Novastar. And its yet to be seen just how accretive they will be.

    Moving on to Novastars latest acquisition, Build My Move aka Mango Moving. Like Streetlinks this is another technological enhanced vendor management business and while its already projected for Streetlinks and Advent to earn as much as .20 or twenty cents next year, how much will Novastars newest acquisiton add?

    My best guess is from a penny to a nickel keeping in mind that Novastar just owns 51% of this new purchase.

    Of course time will tell, but this is another good reason to consider an investment in Novastar at the paltry price of just .40.

    Stay tuned...

    Richard Morris
    Va. Beach, Va.

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