Q: Hi folks, opinion on FY23 & Q4 results for Tamarak tve/t....Q4 seems greatly improved operational results, and nice paydown in debt....Buy/Hold/Sell....thanks as always, jb Piedmont QC
5i Research Answer:
The quarter was decent and nicely ahead of expectations. Sales and cash flow did dip slightly on lower pricing. The acquisitions are going well. The debt situation is improving and the company has started a buyback this year. We like the 15%+ reserve increase and production guidance (61,000+) was maintained. We would consider it a BUY at its current (low) valuation. Shares are acting a bit better also.