or
Remember me
Back
The market has not liked TIXT's decline in free cash flow and profits, along with its increase in debt. Higher operating and interest expenses have been eating into margins over the past few quarters. Higher interest expense comes from an increased debt balance needed to fund the acquisition of WillowTree. We feel that the acquisition will be a good move in the long run, and do expect the debt to come down with cash flow. We continue to like the name and feel that it is well-priced at only 12X earnings, but we would certainly like to see more positive momentum. (5iResearch)
Receive investor kits and email updates from Stockhouse and directly from these companies.
