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SunOpta Inc. Message Board

  • wildstoic wildstoic Jan 19, 2006 9:45 PM Flag

    Kendall Interview

    Kinda cool to see JK instead of just hearing him.

    Major points made in the interview (paraphrasing somewhat):

    "We have passed the low-carb oat fiber fall-off"

    "oat fiber demand has now SURPASSED that we had during the low-carb craze"

    "oat fiber demand is very strong, not just for people but also for PETS"

    "All 3 oat fiber plants are now moving towards full capacity, one is already at full capacity"

    "We are the largest producer of oat fiber in the world"

    "We will continue to make acquisitions in our core areas"

    "the issues of 2005 are now behind us"

    Interviewer: "It looks like this is a turnaround point for your stock"

    And the BIG one: "I expect we will again have record EARNINGS for 2005"

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    • In case you don't care to watch the Kendall interview A1Broker has brought to our attention, here are a few major points made int the interview (I am paraphrasing somewhat):

      "We have passed the low-carb oat fiber fall-off"

      "oat fiber demand has now SURPASSED that we had during the low-carb craze"

      "oat fiber demand is very strong, not just for people but also for PETS"

      "All 3 oat fiber plants are now moving towards full capacity, one is already at full capacity"

      "We are the largest producer of oat fiber in the world"

      "We will continue to make acquisitions in our core areas"

      "the issues of 2005 are now behind us"

      Interviewer: "It looks like this is a turnaround point for your stock"

      "profit margins will quadruple"

      And the BIG one for the short-term: "I expect we will again have record EARNINGS for 2005"

    • damn - I have to concede that man has a trust-inspiring charisma.

      OK, after seeing that interview (thanks A1) I retract my previous reticence re: dec acquisition and I'm back in buy mode.

      Wild - check me on this - JK said distr margin has quadrupled. 3Q was a near-zero loss in distr, so I'm going to go back to 2Q where it was .01 of EPS which leads me assume distr 4Q EPS of .03-.04 (excluding adj for higher energy). Plus he said they're saving $4mm/annum in costs in distr - and every $570k is another .01 EPS. Even if the cost savings is already factored into the 4-fold margin increase, distribution only contributes about 20% of total revs, so .01 EPS from distr is major when total estimate is only .04.

      If I'm considering those numbers correctly, that should (IMO) offset higher energy costs for 4Q and I'm tossing my hat in the 'beat estimates' corner immediately.

    • Also, acquisitions especially in "Fruits."

      Also, "number one organic juice producer."

    • The good news is, I don't think a CEO would do an interview like that and say those things if he was about to fall flat on his face with lousy earnings.

      Thanks to whomever posted that.

 
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