2242749 Ont Ltd. AIIFF

2102 Q4 and Year End Results

[flyfishing7777]

Not too bad......long way to go but they need to keep it up.

https://www.newswire.ca/en/story/1127471/armtec-reports-financial-results-for-the-fourth-quarter-and-full-year-2012

[d_trump]

Gross Margin is the key issue.  In 2009 the GM was 30%, 2011 was 12% and improved to 18% in 2012.  A 12 point GM pickup would improve EBITDA per share by $2.25 - this would have a huge impact on SP. Problem in 2012 was they were stuck with long term contracts with very low gross margins.  From reading the MD&A it sounds like the last of these low margin contracts will be flushed

[thedave2006]

good turnaround story for years to come.   cheers, dave.

[BearBullBrian]

That may be so, but there's no compelling reason to buy at this point. JMO   BBB

[BhoyB]

Dave...Have you been drinking the cool aid?

[flyfishing7777]

Also no compelling reason to sell if you're holding. Many on this board bought before the crash, so when that happens you can dump and take a loss, or wait it out and watch the painfully slow turnaround plan materialize as it has.....things are looking up, they're paying off debt and re aligning things. Only time will tell, how much time we don't now. I'm willing to be patient.....