TSX:CUS.DB.D - Post by User
Comment by
Nawaralsaadion Mar 13, 2014 11:17pm
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Post# 22321356
RE:RE:RE:Confused
RE:RE:RE:ConfusedI don’t see major revisions by the analyst community; the only likely revision is a slight downward adjustment to EBITDA in 2014 to reflect the 60 to 90 days phase two shut down; however such revision won’t be material enough to cause a downgrade. Most importantly with current management affirming the likelihood of them being fully contracted in the near future, this will enhance the market confidence in the 2015 numbers. The worst is truly behind us, it is question of a couple of quarters before CUS start reaping the fruit of its major NATO investment.
Again, it is important to keep things in context, CUS is extremely oversold and no one is expecting a move back to the old single digits highs ($8-$9) anytime soon, but a move to $6 (28% upside from here) is a real possibility in the next few weeks.
Regards,
Nawar