RE:First impression i suspect the headline write downs and current margin compression will lead to more target reductions.
I would hope the $1.50 drop imbedded these results but i doubt that the degree of compression and asset writedown will go unanswered- I wouldn't be shocked to see us break $2.00.
I hope you are right Muncher & cash flows will floor out the price here
Muncher wrote: Earnings seem pretty good for the decimation that happened in stock price? Year end cash flow shows them trading at 2X FCF. Like the stock will continue to hold. Foward guidance abit weak but seems they will continue NCIB. Will dial into call to see what management has to say.