Another week, another big acquisition. Following last week’s announced take-private of Ultimate Software (ULTI), this week saw the sale of Ellie Mae (ELLI) to Thoma Bravo for an equity value of $3.7B, representing TTM EV/Sales and EV/EBITDA multiples of 6.9x and 27.2x, respectively.
Read MoreThe USPS reported its fiscal first quarter 2019 results this past Friday, February 8, 2019. Most notably, Shipping and Packages revenue increased 8.7% Y/Y on volume growth of 5.4%.
Read MoreThis past week started with a bang as long-time stalwart Ultimate Software (ULTI) announced its sale to a group of private equity firms led by Hellman & Friedman for $331.50 per share in cash.
Read MoreBased on Stamps.com’s (STMP) last closing price of $187.44, shares currently trade at 11.8x and 17.6x our FY ’19 adjusted EBITDA and non-GAAP EPS estimates, respectively.
Read MoreGiven its association with postage stamps, those less familiar with STMP may find the company’s high historical growth rates surprising.
Read More