TSX:IBG.DB.E - Post by User
Comment by
caillenon Nov 14, 2013 8:36pm
158 Views
Post# 21907920
RE:Still can't trust the numbers
RE:Still can't trust the numbersI hear you but the numbers are still in line regardless of how they are presented and all it does is strengthen their balance sheet by allowing them to receive a massive refund from CRA. I run my own businesses...I would have done the exact same. Understand that the additional 20.2M is the most important thing they have done here. Hitting shareholders twice is not cool...unless they want to sink the shares and then do a buyback and take it private. But, I don't think that is the aim because it does not allow them to raise money easily thereafter. Also, all the partners are shareholders. They did this because the write offs help them with their financials regardless of how it might look. If you read between the lines you will see what they have done here and the cash flow of $20.2 in just two months proves it. Plus they now have an additional 3M in HR savings and no dividends to pay. I think you will see some pretty decent cash from here on in regardless of what might happen tomorrow.