Vicwest Inc VICUF

What now

[Honestjane]

Ok, some varied analyst recommendations.  Be careful about backlog numbers which have never been reported in notes before.  Remember last year Westeel was transitioning the Viterra sale of retail outlets and there was a 'temporary' shift in sales patterns in the first half.  Westeel sales were $25M lower in 1H 2013 than 2012.  This would mean Q4 backlog for Westeel would have been lower Q4 2012.  2013 backlog is about $25M higher than 2012 which would suggest buying patterns are back to normal.  It would be interesting to see what Q4 2011 backlog was for comparison to 2013.  

SG&A is too high considering they have not had any sustained growth since 2008.  And the debt investment since 2010 has not returned.

Cheers.

[Honestjane]

You can blame the weather for Q4 if you want, but I know southern Ontario was golfing to mid November and Whistler has had a mild winter snow wise.  California one of the driest seasons on record. #factcheck

[Honestjane]

Q1   Revenue hasn't had significant growth for 7 years despite acquisitions but it was a cold winter in the east & mid-west since late Dec. Dry/mild in other parts of the country - California, BC.  Net Loss lowest they ever had looking at results available on the website back to 2004 at $6M.  A recurring theme from 2013 year end and I'm sure there has been some bad