Post by
C32BTT on May 14, 2022 2:06am
2022 Q1 Results
The results were better than I thought with revenues in Canada tripling and US side doubling compared to 2021 Q1. The industry funadamentals looks strong and the company is definitely benefiting, but there is still upside potential with the pricing of their services. Net income and operating cashflow is up along with equity, so I think the company is definitely heading in the right direction. Debt is not a big issue especially with the recent equity issuance and the improving operating financials. They also mentioned getting a handle on their repair costs, which I remember reading a few annual reports back was taking a huge percentage of revenue to fix. It's great to hear they have that under control because it all flows to the bottom line. It's too bad the results were overshadowed by what's going on with the market as a whole.
Comment by
EstevanOutsider on May 21, 2022 3:16am
I used the overshadowing to add to my position. Started with the Wilkes brothers and buying on the dip. The results were great and they have prominent marketshare. Likely M&A coming with Wilkes and PD as top shareholders.
Comment by
Possibleidiot01 on Jun 08, 2022 6:35am
I didn't know the Wilkes borhters were buying . Thanks.