Forage Orbit Garant Inc T.OGD

Earnings out

[John14v3]

I am trying to figure out if OGD will ever become profitable.... these earnings reports are painful to read. A company of this size has to break even on $45m revenue in a quarter.... Whenever I see 'profitability may return later this year or next year', I know I should run... I am substantial shareholder and if I were to sell, this SP would bottom out... well, I guess it's the same reason why people stay at casinos, roll the dice and see if next year brings good news.

Maybe Frozen will prove me wrong and explain the good.

Take care and God bless you all!

[Ferociousbear]

$3M out of $4M loss in latest quarter is a depreciation expense which is non-cash. 35% of rigs sits idle and that hits the bottom line. They need to sell unused rigs. Canadian operations are profitable and they just need to sell the international division which is doing terrible. When will mobilization costs go away?  Overall, this is deep value and even on a bit of positive news the stock