Doro: Exciting Acquisition – Unknown Price
Research Note
2020-10-01
08:57
Redeye has a positive view of Doro’s acquisition of Victrix Socsan. We maintain our valuation as we do not know anything about the earn-out, and consequently cannot properly value the acquisition. Nonetheless, we think the recent acquisitions are important in the long term and has the potential to improve the sentiment, meaning the Doro stock could be about to escape the value trap.
VW
Viktor Westman
Disclosures and disclaimers