RE:Thoughts on Q4All good points. Keep this simple. Q4 2022 profit was $96 mln roughly but that was due to a rising cdn dollar and a strong bounce from pent up demand as covid subsided. Still Q4 Eps for 2022 was $0.56 which was very impressive.
Excluding 2022 Q4 look back to 2007 and nothing came close to $0.56 for their closing quarter. Repoerted $0.40 in Q4 2007 and generated $1.53 per share for the yr while the stock closed at over $17.00 per share for a p/e of 11 times. Q4 2022 was very good. No doubt cashflow took a hit but I would have to think that the income tax paid ( income tax recovery -$32 mlm) is a one timer likely non recurring and implies according to the balance sheet that it should be recovered over time.
Still they generated positive cash flow on a declining cdn dollar.
I hope I am not wrong on this but I splurged a bit and purchased more this morning.
cheers
Splurge