RE:TD and YasmiNutinButBS - Forever the Optimists
WOW. TD has always been very optimistic but the new numbers are terrible. This is not an advertising recession, its an advertising collapse for Corus. Or they cannot manage expenses. Yearly EBITDA new low of 334M and yearly EPS of 14 cents. Start of 2022 estimate for 2023 EBITDA was 558M and EPS was around 90 cents. Q1 EPS forecast was 16cents, so what does that mean, Q1,Q2,Q3 cumulative loss of 2 cents? Every time I have hope, the year is over and the new year should at least hold it's own, ... when you get new forecast for disaster. TD target of $4.50 makes completely no sense using any metric. Calculating target with previous used EV/EBITDA of 5x gives you $1.11. 14 cents EPS to get TD target that is a whopping 32.1 P/E Really TD??? Industry average is 8.8