Good to hear......that the company is still alive!! That was in some doubt yesterday with the stock sewering below $3.80 .
I'm still intrigued by the earnings potential here in 2024 and beyond if Scotia's projections come anywhere near true. For instance, they still see revenue in '24 of $605 million ($9.45 sales per share) and EBITDA of $157.5 million. Even nicer, net income of $112.6 million (almost $2 per share) rising to $160.3 in 2025. Yikes!
Problem is, getting from here to there. Have a strong suspicion those pleasant future numbers will be revised severely. In my experience, analysts catch religion long after the horse has fled the barn.
Company guidance of 23 EBITDA of $25 - $35 million is a far cry from Scotia's estimate of $69 million, recently revised down from $80.8 mm. I also note the co. numbers come with a lot of asterisks attached. Seems to me a lot of things have to go right. Alternately, maybe co. has caught aforementioned religion.