TSX:IBG.DB.E - Post by User
Comment by
patenrighton May 14, 2014 7:00pm
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Post# 22562725
RE:RE:RE:here we go - lets see a profit IBG!!
RE:RE:RE:here we go - lets see a profit IBG!!
operating profit margin was 7.1% vs 5.8% in q1 2013 despite sales being 81.7M vs 84.5M which shows IBG has done a good job at reducing costs. free cashflow around $2M for the quarter ( w/c change was around 0) so that $2M is cashflow from fundamental core operations.
I am forcasting $8-11M in free cashflow for 2014 or $0.4 - $0.5/shr so q1 was $.09 so IBG is on its way to hitting my $0.4 - $0.5 2014 target leading to a stock of $3-4 with a 8x cashflow multiple