The comparative numbers for the coming 4 quarters should look very impressive after Allstates revs are added, though those will be consulting and not s/w revs. I think we may see the pps advance in the months ahead. At current growth rates, it's unusual to see a software company with a single digits forward p/e. We're under the radar I presume.
Sounds like it might make sense but, strangely, the PR gives no indication as to the impact of the acquisition on the P&L. We don't know what kind of revs to expect or what the margin on these revs might be. They didn't even mention how the purchase is to be financed. There's no way to know if the acquisition is good, bad or indifferent. Anyone know anything about this deal? The PR tells us nothing.
Perhaps Magic could issue a more appropriate PR here.
Just doing some accounting recently and noticed my cost basis on this stock, allowing for dividends, has gone negative. It may be a boring stock but it's hard to beat free! And with the expected dividends to continue, it just keeps getting better!