Post by
Angles on May 30, 2023 10:36am
Report out - Not as good as I was expecting
TTZ released their current quarterly report late on 05.29.2023. I would note they again only released it on SEDAR without a formal news announcement. Why? Because it was not as good as most, including me, were expecting. Sales up about 11% (although they did announce a second big order, after the reporting period) with profits up about 300%. That is good but not good enough to justify the latest stock price rise. And when I project/apply this rate of earnings to a full year, I come up with a forward PE of 17.5 - 20, which is too high, in my opinion. So, I withdraw my BUY rating and change to a HOLD/SELL. Just my opinion.
Angles