RE:RE:Q3-20 Earnings WEDS.
dangood wrote: Pretty disappointing results with the write down of one ship to scrap value. I also noticed the pension liability went up by a significant amount. Are these guys investing primarily in Government bonds? It's just not going to get you there.
Dan - good observations on your part. Looking from a different angle, folks that utilize T/A would likely have noticed a buy signal once the stock crossed the $10.50 area. As many companies are negatively influenced by Covid, that does not appear to be the case in this instance. Grain shipments out of Thunder Bay are predicted to be strong until the close of navigation.
Due to Covid, there are so many sectors that should be completely avoided at this time. We seem to be in calmer waters holding ALC which pays a decent dividend. Being a T/A user myself, I would hazard a guess that we are heading higher from the currennt $10.85 as I type.
You've been in this one for some time - wishing you the best going down the road.