ADDvise: Approaching the 2022 Pro-forma Target
Research Note
2022-01-18
07:20
Redeye raises ADDvise's Base Case somewhat following two additional acquisitions, taking the Pro-forma EBITDA close to the company’s 2022 Pro-forma EBITDA target. ADDvise has increased its acquisition pace, and if ADDvise can prove it is a good home for the businesses, we believe there is substantial upside in the share.
FN
Fredrik Nilsson
Disclosures and disclaimers