- Page 3/3
- Next Page
The stock is acting better, and is up 15% YTD. It has been a while since it saw $6. EPS was -4c vs expectations of (nil). Revenue was $86.6M, beating estimates of $83.1M. EBITDA of $13.58M missed estimates of this $14.47M. Guidance was largely maintained. Revenue rose 4.9%, with margins a bit higher than estimates. Net cash is about $90M. Still not much excitement here. Some recent partnerships look more interesting than the quarterly results. It is good to see the sales gain, but we would not yet call this a dramatic turn.
Unlock Premium - Try 5i Free
Our data shows 16.7% short. We tend to ignore anything below 5%, and at 10% we like to understand the short thesis. 16.7% is quite high but in and of itself does not mean much. The stock is up 586% in a year so shorts have clearly been crushed. It is very cheap on an earnings basis but growing fast. It does have a lot of debt so shorts may look to cover on an equity issue one day. It is a small company, and with the short interest we would expect heightened volatility, certainly. Recent results were good and guidance was affirmed. So fundamentally it looks OK and is still priced well.
Unlock Premium - Try 5i Free
EPS of 54c beat estimates of 52c; revenue of $1.46B was marginally better than consensus. EBITDA of $121M was 6% better. Sales forecast was affirmed. EPS did slip from 64c last year. Revenue rose 2.2%, with specialty foods up 4.1%. Speciality foods has recovered nicely from its 4%+ contraction in the prior quarter, and showed 1% organic growth this quarter. The quarter was good and will likely be a relief for investors.
Unlock Premium - Try 5i Free
Preventing Investment Fraud: Don’t ever send money back
A common scam is that someone sends you a cheque and asks you to send money back to them. Sometimes, they message you for whatever reason, or want to buy something you are selling online, and “accidentally” send you a cheque for too much and ask you to send back the extra money. In some cases, you’ve allegedly won a prize, but you’re told to send money to cover taxes and fees.
Using your intuition helps here. Everyone knows, or should know, that banks will often hold cheques until they clear. There is no reason to do anything at all until you know you have the money in your bank. Also, how many times have you bought something and accidentally paid thousands of dollars too much?
Sure, mistakes can happen, but that’s why banks allow cheques to be stopped. Asking for cash to make up the difference is a giant red flag of a likely scam.
Unlock Premium - Try 5i Free
Healthcare strong, but stock performance mediocre. Will host CEO to get more answers.