TSX:CUS.DB.D - Post by User
Comment by
hawk35on Nov 12, 2013 9:55pm
418 Views
Post# 21899999
RE:Timber
RE:TimberI listened to the replay of the conference call today. These guys were so wishy washy, and would not commit to anything. Based on what they said, cash flow will not support the divident until Q4 of 2014. They would not even take a firm stand on when the contracts for the new rail would be filled. My god they are so conservative they will send us to the poor house before the first train leaves the station. Anyway I was not impressed. Sold my position at 8.50 and won't buy back in for a while yet. This is such strong opportunity but honestly the next six months is a risk. Can't believe I'm saying this but it could go under 6.00.