OTCPK:JENGQ - Post by User
Comment by
teshon May 17, 2013 9:30am
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Post# 21408302
RE: 8% yeld = $ 10.5 target - A WORD OF CAUTION
RE: 8% yeld = $ 10.5 target - A WORD OF CAUTION Easily one of the most interesting analyses I have seen on the Stockhouse BB's. A word of caution. Management has provided guidance for fiscal 2014 calling for Base EBITDA to grow by 34% (to $220 million). In their fiscal 2012 MD&A dated May 17/12 they predicted that Adjusted EBITDA for fiscal 2013 would increase by 8 to 10 %. It actually declined by 7% - quite a miss. Further the quarters that caused the majority of the miss were the 1st and 2nd qtrs (i.e ending June 30/12 and Sept 30/12) - the ones you would think they would have been the most sure about at the time the 2013 guidance was given. Full disclosure - I have followed JE for about 5 years and held full weight (for me) positions on at least 4 occasions. Made money on the first 3 but lost about 12% on the last one (before dividends) - got out immediately after the 3rd qtr results were announced at $8.15 ps. Continuing to watch JE but still cautious due to the big guidance miss for fiscal 2013.