ST1 0.00% 4.6¢ spirit technology solutions ltd

This is a good earnings deal for ST1 - they issue stock at...

  1. 212 Posts.
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    This is a good earnings deal for ST1 - they issue stock at 10-15x EBITDA & borrow at 5% to buy solid earnings at 5x EBITDA- so of course it is accretive.

    The bigger and broader question is why are you investing in ST1? If I was to do so it is because I am playing super fast internet and a rising penetration rate in buildings where the offering is already installed.

    I don't want some mature 1800/1300 numbers business clouding my "pure play" - and I think they have a few other investments like this already.

    I want more buildings rolled out, a JV with a content provider making the faster internet offering more attractive.

    This is nothing more than financial engineering.
 
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