RE:RE:Much better than it looks I took a quick look at the earrings report, and for once, I am VERY HAPPY!
Guidance is down very slightly. No big deal there.
At first glance, $4M in profit looks pathetic, but receivables increased by $37M !!! This puts the "real" profit for the quarter around $40M.
Looking out to Q3, Q3 likely show a profit in the $30M to $35M range with the current price of zinc. However, the receivables can increase Q3 by another $37M. Q3 could show profits of over $65M !!!
Back to Q2. With "real" profits in Q2 of around $40M, or $160M annualized, and a market cap around $185M, that puts the P/E at 1.2.
A P/E of freaking 1.2 !!! BAM !!! Trevali has finally delivered !!!