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  5. ITP: ITP reported today and disappointed with shares down about 10% right now. [Intertape Polymer Group Inc.]
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Q: ITP reported today and disappointed with shares down about 10% right now. What are your thoughts on the results and whether ITP is worth continuing to hold or whether there are other better opportunities and what those may be.

Asked by Gerry on November 12, 2021
5i Research Answer:

EPS of 50c beat estimates of 48c. Sales of $395M beat by 4%. EBITDA was 1.9% short. Revenue and cash flow guidance was raised. Investors are concerned about supply chain and cost issues here. We do not want to dismiss these, but with the drop today, and the stock's very low valution, we think the company deserves as pass, after performing well for many years. The issues should be resolved next year (maybe) but the guidance suggests the underlying trends are still good.