IRResistible CAGRs🍁

Hunting maximum reward with minimum risk.
Value is what's worth more in the future.

Rambler at:
Advice

[IRResistible CAGRs🍁 @deepvalueco]

For the next time I forget, there is no price too low for value stocks and no price too high for growth stocks.

[IRResistible CAGRs🍁 @deepvalueco]

Gotta love those earnings seasons with some good results that the market doesn't care about and a few bad results which it does.

[IRResistible CAGRs🍁 @deepvalueco]

@Rodbhar Again, they should be left with a bunch of cash flow, balance sheet capacity and assets & I mean even $2B AUM mandate 50:50 D:E is like $100M cash (probably over 18months +) which would be needle moving for this size (& what western Canada can generate)

[IRResistible CAGRs🍁 @deepvalueco]

They're Dreaming $DRM.TO

[IRResistible CAGRs🍁 @deepvalueco]

@Rodbhar I'm not going to argue much but would say that the Cashflow from WC land division should provide way more capital than it looks like they'd know what to do with already.

[IRResistible CAGRs🍁 @deepvalueco]

@Rodbhar Honestly I wonder if the play is just to be a shadow BAM and pay out 100% of the AM income via dividend and keep the assets/cashflow to grow NAV in the background

At least there'd be something for people to gravitate towards.

[IRResistible CAGRs🍁 @deepvalueco]

@benbstwits Yeah, ideally just that. Been pretty tiring though as the stock seems to reject reacting to fundamental improvement.

[IRResistible CAGRs🍁 @deepvalueco]

12% QoQ growth... Stock... Down over the past 3 months

That's what you get for payment a whopping 7x forward earnings.

[IRResistible CAGRs🍁 @deepvalueco]

@throatenator Invest in value stocks

[IRResistible CAGRs🍁 @deepvalueco]

@Grainjones I know particularly in Ecuador, they've been working on building out the ore sourcing network for a while. They always sound more cautious on sourcing in Africa vs for Svetlana so I think they have some ideas there.

[IRResistible CAGRs🍁 @deepvalueco]

Cooper cooking on the call

[IRResistible CAGRs🍁 @deepvalueco]

@Grainjones Cooper is $DRM.TO , DNG doesn't do CCs but release sounded like Dec commissioning and Jan ramp-up.
Didn't see feedstock comments.

[IRResistible CAGRs🍁 @deepvalueco]

A USD$268 Billion company established a working relationship with a CAD$677 Million company so the $268B company can manufacture more efficiently... Because the $677M company has 'world class manufacturing plants'

*Not Sarcasm*

[IRResistible CAGRs🍁 @deepvalueco]

@StockTalk416 I honestly think that the market won't care about the assets more than a minor multiple of their cashflow until they get spun out.

I also think that at this point, the Asset management should be enough to move the stock going forward.

Agree some stuff is very frustrating.

[IRResistible CAGRs🍁 @deepvalueco]

@StockTalk416 Of course there's the obligatory 🤦‍♂️

I love how he just drops the green part then no real counter... But...

[IRResistible CAGRs🍁 @deepvalueco]

@StockTalk416

[IRResistible CAGRs🍁 @deepvalueco]

@QuinnCadman My thinking was actually the time to buy would be around the gap close... If it goes another 5% it would more likely mean it's back in the range for a while.

TBD.

[IRResistible CAGRs🍁 @deepvalueco]

Would be funny and fitting if these Goeasy earnings drag Propel to close its earnings gap then have it remember it's a completely different company as its own earnings just demonstrated... So it goes on to look forward.

[IRResistible CAGRs🍁 @deepvalueco]

I would think that in theory some of the growth/scale should come with some operating leverage on corp level.

[IRResistible CAGRs🍁 @deepvalueco]

Dynacor $DNG.TO margins were again not great (although better than Q2)... Guidance suggests closer to normal in Q4

At least they proved that the people who were freaking out about the cash cushion in Q2 didn't understand the company/working capital.

[IRResistible CAGRs🍁 @deepvalueco]

If we extrapolate Q4 net income guidance of $4.7M-$6.7M
~CAD$8M / Q
It'd be at ~7x earnings before the 60-100% growth from Svetlana & hopefully more in Senegal.