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Saia's Acquisition Gives It An Instant Earnings Boost

One of my favorite types of acquisitions is the type that is all-cash, dilution-free, and immediately accretive to bottom line EPS. Such is the case with Saia's (NASDAQ:SAIA) announced acquisition of LinkEx. LinkEx is a small 50-employee company that did $36 million in revenue in 2014, but it is expected to add a solid $0.02 per share in earnings per quarter, for a purchase price of $25 million. If you do the math, that's a P/E of around 12.5, compared to a P/E of over 20 for 2014 for the rest of the company. It sounds like a…