Post by
kulewater on Aug 08, 2017 5:30pm
Net Positive Earnings = .05/share; Dividend Confirmed.
10Q out. Some mixed metrics as the top line grew but the flow through didnt translate to as much on the bottom line.
Some margins were thinned as the product/service mix in Q2 shifted and the transformation to higher margin business continues to take hold.
Company also bought back another 1M shares from insiders at a discounted rate and another chunk on the open market via the NCIB.
Dividend confirmed - September 15th.
Q3 and Q4 are usually the best and management is being pragmatic with the spending. Looking forward to rest of the year as we will hopefully continue to bring in net proft now moving forward.
Just some of my thoughts.
Comment by
ValuKing on Aug 08, 2017 5:40pm
I hear ya mate, but margins did not grow. Can't dance around that!! Still negative eps year to date which isn't sexy. Lots of work to be done to justify valuation up here.
Comment by
digitel on Aug 08, 2017 5:43pm
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Comment by
ValuKing on Aug 08, 2017 5:48pm
That's great thanks for that. But margins compressed across the board versus the comparable period last year by material amounts according to the press release. Not pleasant.
Comment by
digitel on Aug 08, 2017 5:56pm
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Comment by
ValuKing on Aug 08, 2017 6:08pm
I would prefer to have margin growth over revenue growth especially in the value added reselling business. Press release also says service revenue was down versus last year!! Wow. Not a healthy quarter at all in my eyes.