Westbond Enterprises Corp V.WBE

Quarterly is out

[JayBanks]

You can find the documents on Sedar, the ones on the company website are the wrong up loads.

Highlights:
- earnings per share 5 cents which is an improvement from 2 cents
- no dividend re-start, but they say it will be revisited in the next 2 quarters
- they are loooking to use capital to purchase a new unit for production in the near term
- borrowings are a little higher, but the expenses of borrowing seem to be more favourable as to my understanding they changed borrowing type account with the bank

Overall pretty good report from what I gather but no dividend hurts, but atleast it's not off the table for the future, I'll continue to hold and watch this little guy move.

[ElegantInvestor]

Thanks JayBanks for the updates. Question: When I looked at revenue segments it seems wet wipes was down significantly due to end of one-time contract. However, non-air laid wipes revenues sky rocketed where demand seems to revive. Is it like non-air laid wipes has lower sales or lower profit margins? Secondly what is the scope for growth for non-airlaid segment in future based on your analysis.&

[JayBanks]

  To be honest I don't have that much analysis on the actual buisness, I like that they are in the buisness of disposable paper products that are for the most part pretty environmentally friendly, and they have a some sticky sales in that they are involved with medical facility's and other places that are well funded with the products. I don't know what the potential the wipes