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Xerium Technologies Inc. Message Board

  • fiberbull fiberbull Apr 9, 2013 1:03 PM Flag

    Earnings News

    Amazing, this board is completely empty. Company just announced a dramatic increase in EBITDA for Q1 and a potential refinancing of debt by end of April. If a previous post I mentioned $100 million in EBITDA for XRM, and now with this news it seems as if the company will do $120 million in EBITDA. With decreased interest expense from the refinancing, I see the company doing around $4.00 per share in free cash-flow on an ongoing basis starting in 2014. XRM is headed back to $20+.

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    • Wow....haven't seen $8 since last year! Hoping it has the steam to hit double digits at $10 which hasn't happened since November of 2011!

      Sentiment: Buy

    • i would also think the bigger investors involved with the reorg in 2010 want to see those warrants at $20 as well, they have 13 months to get there but this stock can easily get there. $120-130MM 2013 EBITDA, keep in mind they are going to get into consumer paper products based on what the CEO hinted at last call...put a 6x multiple, net out about 375mm of debt, which could be conservative, 16mm shares, u are at 21+....

      Sentiment: Strong Buy

      • 1 Reply to kinnarascapital
      • The EBITDA numbers sound reasonable, and I have similar estimates. I just prefer to value off of free cash-flow rather than EBITDA, as interest and cap-ex are real expenses here. Neverthless, I have a similar price target here and actually it could go alot higher if XRM shows some growth outside of their core paper markets, as alluded to in recent conference calls and the PR from about a week ago.

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