RE:RE:RE:RE:RE:RE:RE:RE:RE:Profitable Debt-Free Cash-Rich CPH at 0.8x its EBITDA!!!Bit of a rollercoaster today. Took a dive around 11 am along with the market.
Looking back over the last few years , the last time they had quarterly net earnings this high (excluding the impairment charge) was the 4th Q of 2017. At that time they had $28M in cash but also $18M in debt. .. now $9M in cash & no debt.
After the 4th Q of 2017, Cipher was trading as high as $4.75.
They've had a number of smaller impairment charges in recent years. Hopefully future ones will be small & unplentiful.
Seems like they're in as good shape now (going in to 2021) as they've ever been. Those who have followed the Company for a few years & are more knowledgeable than I, may have a different perspective.