### Comment:
“Organic” isn’t an accounting term, so there aren’t any accounting rules around what’s organic vs what isn’t.  I would consider growth  3-4 years after acquisition to be organic because you can compare growth to previous periods.

### REPLY:
When an equity research analyst report credits cites 'organic growth as strong', why even give a shit if the revenue stream was acquired one period ago? Would it be misleading to cite that as valuable if the company is highly leveraged?

### END.