Post by
fdfd12 on Mar 23, 2016 5:31pm
CXR
earnings were short of EST at $1.24 instead of $1.30 (all in $US).
Revenue EST $166M and they had $192M.
Can't find cashflow numbers from this report.
Sedar should soon be available but it isn't now.
Basically, it was an OK Q. Not great and not guided up.
CXR has become a VERY BIG MACHINE.
CEO doens't want to guide up and take a chance.
He has never guided a plane this BIG before so he on reafirms guidance.
In conclusion, even though the stock didn't blow out numbers, it
showed that it was a good 1Q with AMCO.(70 of 90 days in Q with AMCO).
WIth numbers like these, they should be trading much higher. Take $1.24 and multiply it
by 90/70 and you get $1.60 for a full Q with AMCO.
That is $6.40 within their guidance and any reasonable multiple of 10 gets it
to $64US which is $85.
MOST important is the cashflow which is not available yet.
Comment by
Zedduffy on Mar 23, 2016 6:31pm
Great results!! Stock will be around C $ 65 before July 2016
Comment by
wordless on Mar 23, 2016 6:38pm
What do you base the $65 pre-July 2016 target on? TIA.