RE:RE:RE:How depressing….As usual , the good times are 6 months out.
Among the factors for this delay - delays in pipe coating due to Covid decision hesistance , tank business still experiencing supply problems and automotive customers being on extended shutdown due to the chip shortages. All of these are valid reasons .
In spite of all that - cash flow positive. And there were other positives -
As at December 31, 2021, total long-term debt was $292.1 million, lower compared to the $433.4 million at the beginning of the year, reflecting the aforementioned debt repayments.
This should not result in a major "sell on the news" event. I think earnings already price in the results . jMO
GLTA