Post by
templetooth2 on Aug 26, 2022 11:16am
Rose-coloured glasses?
The Scotia analyst dropped an update after revising historical numbers due to the accounting kerfuffle.
The outlook is suspiciously good. Embrace these numbers with enthusiasm or a pound of salt, as you will:
After negative EBITDA of $5.6 million in H1, full year forecast is positive $21 million.
Next year, EBITDA goes to $95 million and $177 million the year after.
One year target: $18.
With the market going into the ditch this morning, S&P down 80, this rosy outlook is falling on deaf ears. If the analyst's estimates come partly true, there's some serious upside here.