OTCPK:TMBMF - Post by User
Post by
dosperroson Jan 26, 2017 2:40pm
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Post# 25759977
Conf. call happening. New 3-part strategy over 3 years
Conf. call happening. New 3-part strategy over 3 years Rough notes:
1 CAPEX and cost reduction; couple with business improvement thru chanigng the mix. Capitalize on the the pricing envrionment. Imporve margin.
2 Focus on sawmill modernization. $50M program over 3 years; 35M EBITDA year return.
This would be a 1.428571429
3 Cashflow and debt reduction over 3 years. Objective to reduce interest cost and imprive credit ratings. Ultimately postion to pay less; income is untaxable in Canada due to legacy losses.
* Will raise CAPEX from 35-40 M a year to just under $50.
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Good price action today.
Next stop is the "EBC curse" -- 2.75. Every time Paul puts in a price target it gets hit a few weeks later. He just listed 2.75. Woops. E.g. 1.25 - hit. 1.75 - hit. 2.75 - next few days.