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Bullboard - Stock Discussion Forum Westbond Enterprises Corp V.WBE

Alternate Symbol(s):  WBNEF

Forest Products Paper & Paper Products
WestBond Enterprises Corporation is a Canada-based paper manufacturer and converter that manufactures disposable paper products for various market segments. The Company operates through its wholly owned subsidiary, WestBond Industries Inc. The Company's away from home products include high sheet count tissue, household bathroom tissue, bathroom tissue jumbo roll, coreless tissue, center feed... see more

TSXV:WBE - Post Discussion

Westbond Enterprises Corp > Profitability goes down the drain
View:
Post by MadCan24 on Feb 23, 2024 6:36pm

Profitability goes down the drain

Dont know what to say, seems like dead money to me. Loosing patience
Comment by JayBanks on Feb 23, 2024 7:03pm
  Read through the finer details... - We had a loss of $51,800 on the bottom line overall for the quarter - we have $380,500 more in Assets mostly under 'Receivables' and 'Inventory'... and we are caught up on the past backlog - our Term loan on the last machine is paid off (the Revolving loan use is up, but I don't know if they used it at a lower rate to pay off ...more  
Comment by JayBanks on Feb 23, 2024 7:12pm
I guess we paid off the Term loan last quarter looking through the last note lol Clearing up the Revolving loan note, it was already in use I forgot about: Q3 use was $780,000, Q4 $615,000, so paid down $165,000...
Westbond Enterprises Corp
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