Why, when I can look at all your financials up to the end of last month, would you ask for 4X last years revenue when I can see that your revenue is tanking this year and you will go from solidly in the black to just going to break even? Am I supposed to take you seriously? Do you think we will start the conversation with that number? I must be missing something in this M+A game, bucuase from what I am seeing, a lot of people are nuts.
I realize Invitrogen has a lot of money and can buy at those multiples, but I have to say that at least they have the sense to buy companies that are growing not shrinking.