Q: Looks very inexpensive.An update on your Sept. comments appreciated.
5i Research Answer:
VLE is quite cheap on all metrics. The balance sheet is fine and the company is in a net cash position ($305M). Cash flow is solid and there is good free cash flow conversion. Consensus calls for slightly weaker results this year, but this is mostly due to commodity prices. The Q4 was good as was 2026 guidance. We continue to think it is attractive and certainly well priced considering its strong financial position.