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WEQ Holdings Inc WONEF

Industrials Conglomerates
WEQ Holdings Inc, formerly known as WesternOne Inc, is a Canada-based shell company. The Company holds no assets.


GREY:WONEF - Post by User

WEQ Holdings Inc
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Comment by AD31313on Oct 24, 2016 8:59pm
111 Views
Post# 25380574

RE:RE:RE:AD31313

RE:RE:RE:AD31313Rainmaker - what I'm struggling to understand is how you see this story turning aroud.  Whether or not they do a reverse split, this stock is going to go lower.  They are at a net debt to ebitda in excess of 6.0, that's not sustainable with the downtrend in sales WEQ is seeing.  Furthermore, they rent out "dime a dozen" equipment that Hertz and United Rentals can under-cut and oversupply them in any market on any given day.  Lastly, they have an uncompetitive modular housing business that can't even begin to break the ground that Horizon North Logistics and other similar entities bring to the table. 

HNL has recently won provincial contracts and has a huge runway of non-oil growth ahead now.  WEQ can't even seem to steer towards a decision on what markets they have any competitiveness left in.

I welcome your thoughts.
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