National Bank AnalystI feel the drop in price has been rather harsh compared to what was reported.
Canam has 23 plants in total & 15 in the USA. The bridge plant in New Hampshire is but one plant. This plant is listed as having a capacity of 25,000 tons per year versus the corporate capacity lited as 815,000 tons or about 3% of Canam's total capacity. Bridge products are more costly so it might account for say, 6% of sales. This shouldn't have that big an impact on total profits. Every company has trouble getting every income source producing at 100% at the same time. The overall performance of Canam is based on the performance of all the plants so if one or two aren't at 100%, it shouldn't affect the overall performance significantly.
I think the drop in price leads to an opportunity to acquire at a lower price. It appears that the US economy will keep on going strong which should be good for Canam over the next few years,
Any comments.