AirBoss of America Corp T.BOS

TD

[Possibleidiot01]

AirBoss of America (TSE:BOS) had its price target lowered by analysts at TD Securities from C$8.50 to C$6.50. They now have a "speculative buy" rating on the stock. This represents a 25.5% upside from the current price of C$5.18.

[matt2018]

Thanks for posting this.  I'm curious as to what date is on the report? This analyst made this call and lowered his price target by $2.00 by not waiting to review the 4th QTR and Full Year 2023 results? That makes no sense to me. I thought the Qtr was decent and the year results were much better than 2022. Plus you get a decent dividend while you are invested for the turnaround. I coud be

[TrickyGuy]

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".

[matt2018]

Agreed 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

[matt2018]

I believe its a mistake to cut the div down to $1M max per qtr at this time. Its going to save appr $3M to $4M per year which is good but the stock was just starting to get some traction. Now if you follow up this news with an announcement of some new business, then its different. We nees some positve announcement real soon. just my opinion.

[EbbFlow88]

I don't think this one was a choice. At best a concession to creditors. They lowered the credit facility, have to lower capex and the dividend. Short term pain for long term gain, hopefully.

[matt2018]

Lowering the credit facility is one thing. Saves the company money on standby fees for credit they may not really need. Especially if they are not in growth/acquisition mode. But to ask for a div cut (after they just had one) is not a good look (if in fact they were the ones that asked for it). Bean counters need to realize perception goes a long way in investor confidance. We are only talking