Q: Can you update your comment on Mattr Corp and the recent earnings, it had a big drop today, why? Have your comments from the last post in September changed? I'm wondering if I should average down at some point on my position in my RRSP or should I sell and move on. Is it worth holding for longer term?
5i Research Answer:
We have comments posted; the quarter was ugly and we do not like the increase in costs. We would like this better for a recovery if it could pay down debt, which is very very high based on recent cash flow. With its small size and possible year end selling we do not think it needs to be owned.