RE:RE:RE:TDAgreed the company did have a tough year but net cash from operations and free cash flow were up in 4th qtr vs last year and for the full year vs last year.
Net debt down about $20M yoy as well.
Certainly some positives after all the writedowns.
I have buying since Nov as well and have paused recently waiting to see if there is a pullback.
I like the changes since the stragetic review, seems a more focused approach on profitability.
The div is a nice bonus for holding and with such a small float, its only $7.5M expense per year.
1 or 2 new contract announcements and this thing is going to move.
My opinion only.
TrickyGuy wrote: The company had pre-announced challenging results in the fourth quarter. Hence the lower stock targets. Note that TD actually nudged the share price target up 50 cents to $7.00 on March 8th.
Cormark noted "no surprises in Q4 after pre-announcing at the end of February".