FormerXBC Inc XEBEQ

RE:RE:RE:RE:RE:RE:Likely a very good trade here

[ferret_ca]

" I will accept all your points as somewhat valid concerns except the whole trouble solidifying new contracts part backlog has been growing which basically paints the opposite picture you are portraying and they signed contracts with large companies who already knew all the concerns you mentioned and they seemed to have no issue working with xebec. You are entitled to your opinion though and inevitably someone will be wrong and someone will be right. Hopefully this time I am right for a change."

  over 100m usd of that backlog is the summit contract, have you checked that company out at all and seen exactly where they are with that project???  

I don't think much of that backlog is very high margin biz,  jmho

at this point I really don't think xbc is in any position to compete with the big boys in rng and hydrogen etc. 

on your question about what people think about a q with 30% margins and break even would do to xbc s/p.  I would say if was today nothing at all, I think it's going to depend a lot more on the balance sheet and where they are with available capital (loc's etc). who knows what the market will be doing  when they release the results though. 

one thing I will say though is pretty much everything is drifting lower to whatever multiple contraction the market deems necessary to the reality of higher int rates. how high rates go who knows but it looks like not too much higher maybe 2 more raises whatever, but when it turns back down it won't be going anywhere near where it was, the feds plan is to keep it around 3 ish % so bonds will still be a biable investment and tina is out the window. quality is on sale or will be ( I think utilities drop further to older multiples they traded at with higher rates  not the 20 plus p/e's many are still at, maybe 15 ish, decades ago it used to be 10 like the banks, which imho are one of the few you can start buying now. bottom line imho is that when money comes back to equities (and not all will ) quality will be bought 1 st, companies in xbc's state will be last in line imho, and that's IF they survive this mess.  and it's ww3 all bets are off . will putin eventually back down or escalate, russians themselves need to take care of that.

cheers ferret

ps some ramblings after a few puffs and nice scotch   lol