Thing I noticed is more institutions sold out than new positions and more shares sold than bought!
Another problem U have with the management clowns here was lost market cap considered when they did their idiotic high priced financing? Obviously not!
Good earnings report, not sure why market to market write off is for. Please explain. ENBL still a drag but enable coming back and should be additive about the time cnp decides what to do with it.
Wrong, they refinanced both higher interest rate and borrowing more monies. Because of this cash flow is negatively impacted. Up side they had to commit to paying down debt. With rapid debt payoff, future cash flow increases rapidly.
Didn't like the fact, they hid until earnings. They claim value is much higher and that is why management is buying shares. Problem is bond holders get very good return and employees get paycheckd, etc. And common shareholders get sinking share price. Otherworldly screw job! If they down turn this around by year end, more tax loss selling to come!
They are selling! Didn't you see last Fridays and today's volumes and price!
With low energy rates, high cost of capital for energy storage and poor technology , better to pay down debt with our higher interest rates!
It will be some time before debt purchases help the bottom line. Before Moore they had a $4 offer for each share. They turned it down thinking it was too low. Mangrove wanted them to pay a $3 special dividend. Either or we would of been better off! Wait another year to see $3?
With current performance they will be able to buy common at much lower price. 10 million lost divy should at least be spent on common shares. Common shareholders gets screwed as bond holders continue to be this management's priority. They waited too long to refinance. The interest rate was too high in today's market. Having sat on a board of a bank, loans are nil and banks are overflowing with cash. Banks purchasing short term bonds or cd'S at 1% return! Today's action shows how management continues to disappoint.
Cheer leaders with long term vision need to step up and buy.
The dividend savings per quarter is 3,630,000. Moore and company did not even spend saved dividend monies on common share purchases! Also with dividend savings we see negative fcf. Banks are sitting on cash. Europe is paying negative rates! This is the best they could do?
Why wasn't the asset devaluation part of estimate. Earnings mostly US dollars. Debt in canadian dollars. Always excuses!
Forecast negative cash flow to 0 to -20 million. That is with elimination of divy. Do you feel suckered now? Any wonder why Mangrove sold!