RE:RE:RE:WOW!The Q4 result was a thrilling bonus, boosted significantly by CERB payments. We shall not see its like again.
More significantly, the underlying performance trend has been solid. Quarterly earnings are subject to significant adjustments for foreign exchange, so I would not put too much stock in the next quarterly results. Comprehensive earnings (which reflect the full effect of exchange rate changes on both operating margins and asset values) give a somewhat better picture, and a one-year timeframe smooths out most of the bumps. If the company keeps humming along as I expect and and proves to be on track to post CEPS of 40c or more in 2021, we may finally see the company re-rated.
Such a profitable company has no right to be trading at a P/E of 4 and just half of book.
Just my opinions of course, please do your own due diligence.