TSX:IBG.DB.E - Post by User
Post by
caillenon Aug 08, 2013 7:23pm
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Post# 21657999
Final thoughts on earnings...
Final thoughts on earnings...They claim $.11 earnings per share...that would mean an increase in number of shares but I can't verify that at the moment. Either way, $.11 earnings sets up a stock price of $3.50. The last time they had earnings of $.11 was in March of 2012 when this was a $12.00 stock (based on it's dividend naturally). As I said...it's still a $3.50 stock at the moment and should be a $6.50 stock based on projected earnings and savings of $3.0M per quarter by November by way of downsizing the staff. Just al long as they don't do anything stupid by way of trying to deal with the covenant due next December. It's easily renewed and reduced based on projections and there's no reason to tack on new/more debt of liquidate equity. Choose your advisors carefully and question everything they suggest. Bay street general takes your money and their experience and turns it into their money and your experience. Priks.