RE:RE:Difficult to tellI got trolled a bit as a negative nancy a week back for suggesting $20M, but I think the only thing we all know is that none of us here know. Some are more confident than others in their assertions, but let's be honest, no one has put forward anything beyond napkin math to substantiate their claims. The reason I myself am on the low end, is that it's absolutely guaranteed that there will be some hangover static from the last quarter, which was expressed from the horses mouth on the call. To what effect? Who knows, but we will all see shortly. If it's indeed at the lower end, and they retain guidance of $110-$130, then we've got some work to do to attain that back-end loaded year. Sadly Canada is nowhere near the US with respect to our Covid bouce-back as we're behind the curve on vaccines, which means we may have longer lasting effects on our manufacturing. I work in oil and gas in AB, and while we're the poster child at the moment for the outbreak, I can tell you first hand the devastating effect the virus has been having on manpower. Quebec is not AB, but when you're in manufacturing and you don't have the bodies to build, you're sales are going to take a hit, and we're going to be hearing about that on the call as well. Major HVAC components that I'm ordering which typically have a 6-8 week leadtime are now in the realm of 12-20 weeks. Different industry, but same rules apply. Less people on the tools means fewer products out the door means reduced cash in the door. I'd say July-Dec is our turn-around period if this country can step up the deployment of it's vaccination program, and of course the US keeps the taps turned on re doses. All will be revealed soon enough, but until then, we'll continue to estimate. GLTA and happy Friday
Newtrader1982 wrote:
My feelings are that the worst of it was crammed into q4 they told us that they had made adjustments moving forward and it's better to take the hit all at once than drag it out.