Mattr Corp T.MATR

analyst actions

[Possibleidiot01]

12/24/2020	National Bank Financial	Upgrade	Sector Perform Outperform	C$4.00 C$5.75
12/24/2020	TD Securities	Boost Price Target	Hold	C$4.00 C$4.25
12/24/2020	Cormark	Set Price Target		C$5.50

In addition , BMO moved their target price to $4 ; BMO was lowest estimate .
As for a buyback , total current liabilities -$309,801,000 dollars

Total liabilities - $859,691.000 greater than
Total equity -$685,068,000
With all respect , I am hearing Aerosmith - dream on.
Back to Christmas!

[Lindainvestor]

I am not that great with numbers but it seems that the numbers you are posting are not good with the liabilities  ....? 

[Lindainvestor]

Oh you just mean they won't be able to do a buyback ? 

[Maxmoe]

There are about 70 million shares outstanding, and cash will be a little over $200 million, post the asset sale. That's $3 per share in cash. AND current assets exceed current liabilities excluding 100% of cash! There can be a buyback of 10% of the shares, say 7 million shares @ 3.75 is $26.25 million. They could do a special divy of $1 per share AFTER the buyback, so on 63 million shares is

[Lindainvestor]

Thank you Maxmoe

[Possibleidiot01]

The market is full of opinions , I disagree with you on the dersirability of either of a NCIB or a special dividend ( especially the special dividend which weakens a cyclical company and, this is a late cycle company in that pipelines are built after wells are drilled).. In case , you haven't noticed there's not a lot odf drilling happening, so Shawcor's business peak is a long way off

[Lindainvestor]

Possibleidiot i agre with you, hope they keep the cash for now, they might need it!!! 

[2020oilgamble]

This post has been removed in accordance with Community Policy

[Possibleidiot01]

It's like going to the hospital , for a heart procedure and then deciding to go out immediately after and do a  triathlon , Maxmoe Your doctor might think it was hasty and ill advised

[Maxmoe]

If they don't do it someone else will. That includes current mgmt/board taking it private. I would do it if I could borrow $100 million . You will get taken out for a crummy 4.50 using all that cash to finance it.  I've never done a triathlon, but I have had a quadruple bypass . not a fan of either. .