Q: what do you think of the acquisition of Paladin?
5i Research Answer:
GUD has coveted this acquisition a very long time. Buying out of bankruptcy means a good price as well. Finally GUD may move. It is mostly its old Paladin assets, and we think GUD will be able to improve performance here. There will be cost savings and certain products will hit critical mass. GUDhas easy financial capacity to close. It should add at least $80M in revenue but likely more over time. It looks good to us and GUD may be less boring going forward.