Geographic Revenue Centre Concerns Overdone...I have heard multiple times now that people are concerned about how this company is based in Calgary and they are concerned about the Alberta economy. Lets hope everyone in FortMac is okay but beyond this just looking at Q1 numbers this is not the case;
Canadian Revenues of $8,072 (14% of total rev)
Energy Revenues of aprox. $3,900 (7% of total rev)
With non-energy revenue growth of 27.3% YoY.
This is not a company that is dependent or highly leveraged on the Alberta economy or the direction of oil, once we stop lapping the large contract in the next couple of quarters the Rev and EPS growth will come through then this stock won’t be traded in the 5s SP for long.