GREY:ISYRF - Post by User
Comment by
humppyuson Jun 14, 2019 9:16am
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Post# 29825775
RE:RE:RE:ITC is a good value here
RE:RE:RE:ITC is a good value herebarneyj44, I unloaded in the liquidity that existed over a few days after the Q4 earnings in March to protect a small profit. I had three issues:
1. The way they handled the pre release regarding record Q4 revenues. They should have also acknowledged their write down plans.
2. The lack of sales in Q4 and Q1 by the date of the Q4 release.
3. The engagement of Roth Capital to find strategic options. While this kind of thing usually temporarily pumps a company’s SP, it usually means they are all out of ideas to grow the business.
For or a few weeks I did question my decision to sell, however the Q1 release and C Call did make me feel better about my decision. While I would gladly re enter with a new position, the departure of the VP of sales is a red flag. Especially since sales have been weak to say the least.
while they do have cash and no debt. The cash is being eaten up slowly by the NCIB. One significant development could easily launch the SP, but right now outside some kind of Stream development, I don’t know what that would be.