Q1Not a great Q1 but at least stayed positive. I guess lawyers fees in Q1 were pretty high as they actually started the trial with Freyssinet before settling out of court. I was expecting some gain from the settlement but I believe they had set an amount as receiveables and probably the settlement was not that good.
You can expect a better Q2 plus a big increase in backlog. The US market has a lot of huge projects going out in the market shortly. Expect Canam to pick up their share.
In early April I wrote to buy before the quarterly results. I did & made a $1.25. Price went over $15.15 the day before the results came out. Look for the same buildup next quarter.
We should see $16 before Q2 results.
The construction cycle is on an upswing. This should last a few more years before quieting down.