IBI Group Inc T.IBG.DB.E

RE:RE:RE:RE:RE:RE:RE:q3 earnings estimate and assumptions

[patenright]

nkbouraki - no worries - but thx for the apology none the less..... I agree, net income/loss figure is not as important as cashflow and ebitda. they were around $2M under on sales from cont operations so a bit of a disappoint there ( they said due to slower summer with people on vacations which makes sense I suppose) but like u say the cashflow was very strong at $7M, but the bulk was from w/c so essentially cashflow from core operations was around $0 vs around what should have been $2M but again sales were $2M less so there u go ....... the operations they sold were operating with a loss so this will help ebita margin on the existing business going forward ..... so while q3 was a little hiccup in terms of lower ebitda, it was a successful quarter in terms of getting their financial house in order and now with the bonds and bank behind them, now they can focus on the business and hopefully get it growing.... stock might take a little longer to get to my 3-4 target but my target was based on full 2014 results not at year end.....although might still get there before dec 31, but I certainly expect 3-4 range based on full 2014 results so by march of 2015..... I see around $0.6 eps ( with sales of 320M so no growth - so conservative ) in 2015 so think $5 is doable by mid to end of 2015 with a 8 /pe on $0.6 eps. That is 85% return from todays price - not too shabby at all. I agree the financials were very confusing but a large part of that had to do with the sale of the Quebec and china operations.