What has been accomplished since the ERP malfunctionThere are a lot of people on this board (feels like most) that are just negative about everything on DCM.
I would like to point out that after they absolutely did drop the ball on the ERP right before a global pandemic, they have really turned things around. They have generated gobs of cash and reduced debt tremendously. Enough so, that they have been able to gain loans for a top chartered bank in Canada at a really decent interest rate. These things don't just happen if they have no clue what they are doing or can't convince these larger banks of their strategy and financials. I'm not sure if anyone on here has actually dealt with obtaining large loan amounts they would understand. But I am currently working with one of those chartered banks to sign a $50 million line and it has been tough with many different financial models, projections, collateral and assurances. This for a building and not operating debt like DCM has been granted. We generate over $20 million in profit each year, have over $150 million in assets and have zero debt currently. There is NO WAY they got this loan without the bank being impressed.
We all know that investorline is either a disgruntled ex-employee or a competetor that just doesn't like DCM, but I don't take much stock in what they say. They rest of you that are investors, if you think it is such a bad business what are you even here. I've said it before if you think that sell and surely there are better investments elsewhere for your cash?
The likely scenario is even with keeping the business status quo for the remainder of 2022 debt will be down to about $20 million which is much much lower than it has ever been in the last 20 years at DCM.
For those of you that see there is some opportunity in DCM, keep the posts coming.