Sherritt International Corp T.S

Sherritt is truly the world leader in ......

[Stratocheif]

Only sherritt can report a net loss at these nickel prices. Congrats to all senior management. Job well done. Enjoy your big fat salaries right to the end and with a big smile on your face

[JoJoRabbit11]

Oh my gawd - how clueless are you Stratocheif?  There are significant non cash adjustments in the income statement.  These include accruing for an environmental liability, deferred compensation (you remember that one right) and retirement of debt.  All told these net out to $16.4m.  Adjust for these and the eps is exactly the 4 cents that NBF was forecasting.

[Ernieandbert]

How many times do I need to tell you guys....a company this small you look at Ebitda, not Net Income or EPS!   Now I know why the stock trades at 1.25x Ebitda for 2023.  

[Stratocheif]

I respectfully disagree. Showing an operating loss destroys investor confidence. It destroys the company's image. It destroys everything. It doesn't matter what they are doing or planning, showing a loss at these nickel prices is a big minus. This is a public company. They should arrange thier affairs so they show a profit. It's a matter of perception and instilling confidence for the

[Ernieandbert]

Comical.  Have you ever studied accounting or financial statement analysis?   You can still disagree with me if you like...gives us more of a chance to buy stock cheaply.  

[FCPlady]

They trade at a low multiple for a number of reasons.  Setting aside the obvious Cuba risk, I can't for the life me understand why their disclosure is getting more convulted instead of less.    S is an orphaned stock and they make it hard for anyone to want to take a look at the company closely or seriously.   IMO, they buried their strong results with a bunch of

[Ernieandbert]

Fair point.  You need to do the work and ask the Q's.  It is not for the faint of heart nor for those with no or little financal statement analysis experience.  As the old saying goes, "if you don't understand it, get out".   Probably best to just sell your stock and be out of the complex position and move on to something more straightforward.  

[FCPlady]

I just looked at the Q4 report posted online.  Their PR is 22 pages - and that's without the appendix.  When you add the other 140 pages of MD&A and F/S reviewing all of this and making sense of it isn't work --  It's madness relative to the returns S provides.   That's part of the reason why too many investors have moved on to other stocks that are

[VerificateASAP]

This post has been removed in accordance with Community Policy

[Nickbull]

Payed off 150 mil on notes (.34$/share gross) reduced interest payments by 15mil (.02$/share) .16$/share for the year after all that not bad for company that blew 1 billion+ in Madagascar    cobalt swap will be (.06$/share per quarter) onwards and upwards cheers