RE:3qQ3 results are below par. Increase in revenue is all due to newly acquired/opened centres. The enrolment in centres opened for more than a year is down and sho is the overall capacity utilization and centre margin.
BPE have to spend more money in Q4 to fully bring Peekaboo centres at par. There will be no synergy between Ontario centres and Alberta centres except web based communication with parents and staff.
Alberta employment situation is on is still bad. Almost all of BPE owned centres are in AB and real estate prices are nothing to cheer about.
BPE is at least an year way to show an EPS of 3 cents a year even to justify present price.
BPE have virtually stopped buying back once the stock crossed 35 cents. It seems company think share is fully priced at 45 cents.