Q: Hi Peter
Can I get your thoughts on TGH. Can you comment on the latest Qtr results and also what do you think of initial position in a TFSA.
Can I get your thoughts on TGH. Can you comment on the latest Qtr results and also what do you think of initial position in a TFSA.
5i Research Answer:
TGH now has a market cap of $189M, with the stock up 25% YTD. P/E is 15X. EPS was 2.4c, beating estimates of 2.0c. Revenue of $38.1M beat estimates of $35M. EBITDA of $5.59M beat estimates by 27%. Profit did decline year over year as there was a one-time item the prior year. Revenue rose 14.1%. 89 trucks vs sold vs 71. The outlook commentary was positive, with new production and new product lines expected to increase revenue. Things look good here. The balance sheet remains strong. Insiders remain committed with 30% of the stock.