Sherritt International Corp T.S

Results aren’t so bad

[mas7575]

Not sure what the whining is about here. I see cash flow positive, which to me is the most important short term indicator. Profitable (EBITDA), even though overall net loss. Reduced fixed costs (corporate cuts $1.3M; purchased $2M corporate notes that would have continued to cost 8.5% per year - $170,000) which means savings every year going forward. Lean is good for profitability - I take as a huge positive as this rarely happened in the Pathe era.

we already have nearly a full month of rapidly rising Ni prices this quarter, which bodes extremely well for next reporting period.

with this company, nothing is guaranteed. However, as an accountant, I see a number of things happening already under the new CEO that should enhance our numbers going forward. A few quarters like this and S's operating numbers will finally start to attract positive attention.

cheers,
mas

[satchmo6]

FEB 2020 low of .07----- thats one they will never live down-------Pandemic or Pathetic ceo--Wanted to be given golden watch/handshake

[Stratocheif]

Theyve been cutting costs for years. I think it was 5 or 6 years ago they moved out of thier fancy toronto head office to cheaper accomodations among other things. Saving a million here or there is immaterial as you accountants say. Pathetic token gestures is what I say (im an accountant too) And yes there is a reason the accounting profession uses GAAP. Its the only way to show wether or not a

[mas7575]

I don't disagree with much of your message, but the company will struggle to be profitable "on paper" under GAAP because of the impact of Ambatovy. That's why i focus on cash flow: if they are creating free cash flow year after year, they will be viable long term. Despite the impact of Ambatovy (amortizing historical losses, etc).  ambatovy was a debacle, but it is over

[patientoldguy]

I agree with mas.  after a long down cycle commodities are starting to shine.  up cycle could last for another 4 to 5 years.  sherritt cut losses by 90% as compared to a year ago.  Nickel prices are on the way up as is oil.   sure lots of the stuff the new CEO talks about is window dressing. as long as the commodity up cycle continues Sherritt will make a lot of money