GREY:WCSTF - Post by User
Comment by
TheRock07on Mar 22, 2011 3:18pm
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Post# 18323353
RE: News..Record 2010 net earnings/strong growth
RE: News..Record 2010 net earnings/strong growthA magnificent year characterized by....................................
...........sales of $262 million up 26 % versus $208 million in 2009
............net earnings of $16.8 million versus a loss in 2009
..........caash flows of $13.6 million ( $2.65 per share )
........substantial increase in gross margins in all regions to $32.4 million from $5.9 million in 2009
...........cash balance of $17.7 million or $3.20 per share
Net earnings were
.75 per share in 2010 excluding special items.
They recently announced a doubling of their steel capacity at Stratford which augurs well for 2011 and 2012.
In 2011, Wescast should be able to earn above
.90 per share which, given their strong balance sheet should be sufficient to m ove the share price over the $19 level...