Q: How were the results from Tamarack?
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5i Research Answer:
EPS of 14c beat estimates of 11c; revenue of $394M beat estimates of $379M. Per share cash flow of 40c also beat estimates. Production of guidance was affirmed and current production met estimates. Debt is now less than 1X annual cash flow, and strong cash flow is expected next year (consensus). Results are fine, and the stock has done well this year, so is now more expensive than peers but still cheap on cash flow valuation. But we do continue to like it as it is executing well.