RE:Q2 , cheap stock?A comment re financials.
LIQUIDITY AND CAPITAL RESOURCES June 3, 2022$November 30, 2021 $Total liquidity (cash, accounts receivable, contract assets and inventory) 52,358 53,981 Unused credit facilities1 23,673 22,540
Working capital 39,851 39,973 1 U.S. $18.6 million (2021 – U.S. $18.2 million)
Q1 2022$Q4 2021 $Accounts receivables days outstanding6572
Inventory turns3.8 vs. 3.4
Accounts payable days outstanding68 vs. 86
Buying the Chatsworth facility July 27th or so and then entering a sale/ leaseback agreement with a third party.
During the three months and the six months ended June 3, 2022, the Corporation purchased and cancelled 45,000 Common Shares at a weighted average price of $2.44 per share, including commission and other transaction costs, for a total amount of $117.