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Bullboard - Stock Discussion Forum Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles through hydrometallurgical processes. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world... see more

TSX:S - Post Discussion

Sherritt International Corp > When expectations seem lowest...
View:
Post by rkhosla on Feb 08, 2022 6:35pm

When expectations seem lowest...

...it is possible (yet agreed not probable) that Sherritt surprises to the upside.  My general impression is they have essentially written off 2021 and will engineer better results for 2022.  Alas we will find out tomorrow after market.  I expect they will continue to move the goalposts down the line to this ever delayed target of profitability...
Comment by Snacktime on Feb 08, 2022 7:21pm
I'm no accountant, but for tax purposes are they avoiding showing any profitability?
Comment by mas7575 on Feb 08, 2022 7:46pm
Focus on cash flow. If they are cash flow positive, I will consider it a good sign. There is an acceptable range for reporting profits, recognizing revenues and expenses, etc, so profits can be "managed" to a degree in the short term. This includes write-offs from previous lost initiatives/mines... however, positive cash flow over an extended period is a good indicator of profitability ...more  
Comment by Contrarian333 on Feb 09, 2022 7:41am
It is correct that cash flow and not earnings is the driver of future success.  It is cash that will be used for expansion, for any debt retirement, and for any future share buybacks. As I had previously posted earnings can be impacted by non cash considerations.  One of the biggest remaining is non cash compensation which arises from the treatment of primarily DSU's issued when the ...more  
Comment by jwrent on Feb 09, 2022 1:03am
YES! They have millions and millions stashed away.
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