RE:It doesn't look good for the next 18 months.LOL wait what was their rating when the stock was at $15? Probably a buy. These guys are useless.
EPS really doesn't matter at this point. They have so much amortization expense that is added back to cash flow. Look at your EBITDA and adjust for non-cash items below it. We know they won't be paying taxes anytime soon. I'm sure the new CFO is looking for ways to cut costs. Very poor timing on the Montreal office move and that huge expense. They just need to keep their head down and continue to reduce debt IMO. If the margin can stay 23-25% they should generate plenty of FCF to meaningfully reduce debt. At this point I'd rather see them reduce debt than refi and buyback stock. The market won't care about buybacks very much given the continued topline burn and margin pressure. They should reduce debt until EBITDA stabilizes. The stock is already so cheap it could triple under the right circumstances...I'm not saying it will. We'll see if they can get any refi done this year. I'm not counting on it. Maybe Canso and GT help them and start funneling some cash flow to shareholders. We'll see. Hopefully the large seller(s) are done.