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Vicwest Inc VICUF



GREY:VICUF - Post by User

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Post by Steelironmanon Jan 21, 2014 12:54pm
306 Views
Post# 22116225

To Honest Jane

To Honest JaneThis is the reason VicWest is going down.  Recent article from The Investment Reporter.

Page 24 January 24, 2014 The Investment Reporter
 
Vicwest is a risky buy: One stock we regularly review on The Back Page is Vicwest Inc. $12.05 (TSX: VIC). Since we published our August 30 issue, its shares have risen by 0.4 percent —essentially treading water. Even so, the company remains a buy, if you can accept a stock that we rate ‘Higher Risk’. In 2014, Vicwest’s earnings are expected to rebound to $1.03 a share. Based
on this estimate, the shares trade at an attractively-low forward price-to-earnings ratio of 11.7 times. The earnings are enough to support its dividend of 60 cents a share—for a high, but not excessive, yield of five per cent. But Vicwest’s earnings per share are fairly volatile. Its net debt-to-cash-flow ratio is a relatively heavy 6.1 times. It trades far above its book value of $2.24 a share. And its price-to-cash-flow ratio is an unattractively-high 14.7 times.

None of the ratios have changed since their August report but I guess they just need investors to trade shares. This is pretty well what analysts do for a living. Promte one stock until it peaks then downgrade it & promote another to keep money circling.
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