earnings thoughtsSo, they've said they'll beat guidance. Here are some very simple calculations
69mill first 5 mths, say 16 more in June =85 mill first half
expansion increases capacity by approx 25% on straight nameplate so 2nd half could be 85*1.25=106
Say 190 for full year, bear in mind they're running more than 10% over nameplate capacity now, so perhaps this # could go higher
earnings at 150 forecast at 18cents, so at 190 may 23 cents, but at the higher revenue one would expect even more as fixed costs stay fixed...maybe then 25 or 26 cents (US funds). We're currently at $2.45Cdn (approx 2.04 US$). Approximately 8 times NTM earnings? seems low to me for a company with a nice dividend and a great balance sheet.
Anyone have any thoughts?