GREY:XEBEQ - Post by User
Comment by
Ciaoon May 13, 2021 10:06am
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Post# 33190857
RE:RE:Q1
RE:RE:Q1They are 1.5 months into the quarter, when questioned Kurt said do the math, $30M / Q to meet gudiance at low end for the year. I'm sure they have regular meetings to review sales booked and %age completion and Kurt is confident of hitting that $30M / Q.
They also noted increase in their input costs and poor T&C with quotes good for months (while inflationary costs hurt them) which they have addressed. Kurt was very bullish on BGX sales. The fact that they paid a handsome sum for NORTEC to get floor space in Blainville for BGX is very encouraging. Getting $72M capacity for BGX in 2022 is huge.
New COO to be announced next week who hopefully has a good finger on costs, will be Stephane's best buddy.
Resilience19 wrote: I'm confident they can generate $30M+/Q going forward, in 2021 - meaning they'll meet the target.
As much as over-promising can be an issue, in this case, I don't think they should necessarily unduly under-promise either.
In short, I'm fine with both the target and reaffirming current 2021 guidance.
Newtrader1982 wrote:
personally I don't like it they are not gonna make 110 million this year just being realistic and the loss doesn't look good on their ability to manage multiple acquisitions. I hate to be negative but Kurt is just making big promises without delivering stringing investors along just my honest 1st impression. My guess is they will eventually lower guidance to 80-100 million it just makes the company look bad should have just done it upfront.