@theSamParr Thrasio may be a highly profitable retailer but it’s not a tech co. No reason to assign that type of multiple. Not a lot of synergy.
Multiples of 10x-15x profit for non-tech companies that are growing incredibly fast and have north of $35m in profit doesn't seem outlandish at all.
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$780 / 35 = 22x valuation. Debt / ebitda of at least 4.6x Idk their #'s but highly doubt organic is growing more than ~10-15% at that size. It's all M&A to keep that engine going. Smart business to arbitrage FBA valuations of 2-4x, but their valuation doesn't make sense to me
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