Record Revs & Earnings While "The Major", as the Company is called in the Maritimes, is experiencing all time highs in Revenues and Earnings, it has yet to reach its all time stock price high of $22 reached in 2007. The Globe article once again fails to adjust earlier analyst price targets for Major's 3/1 stock split last spring.
The next quarter to be announced will for the first time include three full months of MDI's recent large acquisition. It is very incouraging indeed that along with the strongest demand ever seen, contract pricing is up and margins are expanding!
Very positive also to hear that labor shortages are also improving - this was the only problem mentioned by Major's CEO when he was interviewed by BNN after the company's earnings release in December.
The company seems to be facing the best of all worlds going forward.