Spartech, as I'm sure you all know by now, announced a small acquistion the other day that will give them additional $10 million dollars in revenue. Although this is not in the same league with their other recent acquisitions, they did seem to get it for a pretty decent price. And wasn't it Everet Dirsksen (former senator from Illinois) who said (paraphrasing, of course), "A few million here and a few million there, and before you know it you're talking real money."
Did he talk about taxpayers' money? BTW, I think SEH has used too much levelage and the ROE is boosted by the borrowed money (debt/equity ratio is rising). That is not very good (unlike politician, the company cannot "tax" shareholders). Any comments?