RE:No buyers to support $1.20'sOf all quarters, Q1 will likely generate the least amount of excitement, in my view. From a year over year standpoint, it'll be the only quarter we see a negative comp. I am basing that on the fact that there was a large one-time order in Q1 of last year. Also, the full price pass-through (to offset higher paper prices) will only partially offset some of the margin pressure in Q1 (...I think we get an improved margin in Q2).
We'll still see the company track well towards the $22 million to $25 million EBITDA range. And cash flows will be solid. I just think we need to wait for more deleveraging...and maybe a buyback at some point.
I feel like we'll get a run in the stock this year...just don't feel like it's this soon. But I could be wrong...I hope I'm wrong!