TSX:IBG.DB.E - Post by User
Comment by
patenrighton Aug 12, 2014 5:43pm
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Post# 22834104
RE:RE:Earnings
RE:RE:Earningsequally, the refinancing costs i read are for 3 quarters in 2014. amendment was finalized in q3 so makes sense both q2 and q3 will have these costs.
q1 other operating costs rose 1.5M and 1.1m was due to canacard. fair to say the remaining 1.9M ( 3M - 1.1M) will be expensed in both q2 and q3 ( say 950k in each quarter - maybe more in q2 than q3) ) which is less than the 1.1M in q1 and q1 even with the 1.1M expense related to bond amendment work, still showed a profit of 5 cents.
without the 1.1M expense ( non recurring) profit would have been 10 cents/share (normalized eps). sales were 81.7M. company sees $330M in annual sales in 2014 or 82.5M/quarter. if sales were 82.5 in q1, profit would have been 14 cents ( again excluding 1.1M bond exp) so in a sense this is their normal run rate eps assuming sales of 82.5M /quarter. or annual of around $0.56 eps or cashflow of $0.74 ( $4M/yr in non cash amortization or $0.18/shar) - use a 6-8x range cashflow multiple = $4.44- $5.92 stock price range.
nice try again caillen lol