Answer these questions for me
Anybody want to explain to me how you buy a bunch of non-related businesses at 3x EBITDA, don't really integrate them, add a bunch of corporate overhead into the mix (eroding that EBITDA), and then expect to trade at 4.5x EBITDA or a 10-12x PE?
Anbody want to explain to me why you raise $26 million in a secondary offering when we are in the most aggressive debt financing market since 2008 and E's cash flow margins are healthy?
Anybody wonder why analysts are initiating coverage with high target prices when E is one of the most active small cap issuers in Western Canada (last secondary paid 5% plus 5% broker warrants)?
Anybody remember where this management team (the same team) took this business 2006-2008 (TK Oilfield anyone?)?
Anybody wonder why gross margin was down this quarter when the most substantial addition to the business (Hart) is a rental business? Give some thought to intuitively what rental gross margins should be...
Who on earth would actually make a takeover bid for this business? Tunnelling, non-differentiated oilfield rentals, highly differentiated heater rentals (though increasingly getting more competitive - walk through any trade show), e
I'm not trying to rain on the 'E' parade here, but I'll give one suggestion that you can follow or ignore - follow the cash flow per share (EPS or EBITDA - whatever). I think Management has steered this ship off of the brink of disaster from 2008 days past and has a real opportunity to