TSX:IBG.DB.E - Post by User
Post by
Calgaryrideron May 10, 2017 7:31pm
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Post# 26228830
Earnings out
Earnings outStill pulling 10%+ EBITDA margins (the envy of the industry)....generally, very good.
The UK market, though still small, appears to be challenging still. As in, ex-UK, the rest of IBI would have EBITDA margins in the 14-15% range which is absolutely outstanding.
At this pace they should consider cutting jib and selling s few unproductive offices there.
I'm sure an analyst will bring up this idea tomorrow. WIth interest payments now $2.7M per quarter they could put the funds towards either debt repayment (which is unnecessary), a one time dividend, towards sustained dividends and/ or even share buybacks. Any of these strategies will yield handsome returns for shareholders......much more than offices that bleed cash.
The question really is, how much of the healthcare design competency resides in those uk offices?
my feeling is, a decent bit.
anyways, good and steady quarter.
Rock on, but fix the UK.