RE:RE:RE:RE:RE:RE:RE:$.04 annualized earnings; strong outlook; insider buyingNorthforce, I see it a bit differently. The businesses in their group are assets that are in demand and out of demand with the cycles. The cycle has been off for nearly 3 years. Activity in the field is increasing. This may be a great time to own a piece of these assets as they become more in demand. Buying at the height of the cycle is maybe what you did wrong with this investment in the past.
As for management’s record; my research indicates that they have navigated the landscape of the last 3 years well and are in pretty decent shape once you perform a comparable to their 2015 statements. There are many that haven't made it out this end of the downturn, where TSX:E has actually done very well as I highlighted in an earlier post.
Another item that I didn't mentioned earlier was their disposition of a business in 2016. Management acquired a business about 10 years ago and sold it for approx $8 million more than they paid. The transaction reduced their debt by almost half at a pretty important time. I see this as a high quality move for many reasons.