Post by
BayWall on Nov 14, 2024 4:26am
Positive spin time
The 9 month numbers looked decent, but the last three, oh my! The way sales will increase significantly is when new projects come online. Time lag.
This is not a company which can trim costs fast, nor increase revenues quickly. Maybe focus on land based projects which have a quicker revenue realization period and don't have to selldown.
Stock pick services continue to say "deeply discounted", etc. Maybe what was considered the norm for industry multiples a few years ago, have to be adjusted.
Free cash flow is an important measure and it's declining.