Exco Technologies Ltd T.XTC

Results out and look good

[DudeRancher1953]

XTC just reported and the numbers look pretty good. Sales off as expected but CF was really great with substantial debt reduction.

[paperbull]

Depressed sales / revenues was expected – but I am buoyed by the + statements for both the automotive and castings segments regarding their respective sales pipelines.  If these were sputtering I’d feel less easy.  Nice to see them navigate these waters well.  COVID has been ruthless in showing the financial health / leadership of companies (or lack thereof). Quoting activity

[Defiance2050]

Owned this for a couple years, didnt expect auto to recover as quick as it did but purchased a smaller amount in March. Exco had alot more financial flexibility; alot less growth by debt or equity than others.  Almost no analyst coverage on this though. Volume can be real inconsistent SP has done well considering no insider or NCIB purchases in weeks.  Management did a good job

[paperbull]

I started small position in May and have been adding as it's still bopping around the $1 PB ratio with little debt.   I like the possibilities for SP growth due to the aluminum story with EVs.   We'll see.  Decent growth thus far.  I wish it DRIP'd though.