Is Tristel a Good Company? Is It a Bad Company?

I just don't get it with Tristel. Why on earth would you want to pay double what it's really worth? Just on hopes for future expansion, especially when we're in a bear market where so many other things are cheap. The main issue I've got with it is the weak balance sheet and it's got far too much debt. Engage XR Holdings - this is just a barge pole job, absolutely rubbish company. It's basically running out of money. Its cash has dropped from 4.9 million euros down to only 1.9 millioneuros. Ford PE is only 8.6. I think that's just way too high. For an OK company