Q: First of all, I just wanted to say congrats on the new venture. I have been a follower of yours for years, and am a big fan of your analysis and thought processes.
My question is on Trican (TCW). Their last quarter was fantastic (increased dividend and strong profits), and saw the stock rally to ~$19. Since then, like the rest of the sector, it has been badly beaten down, now trading at roughly 5x 2012 EPS estimates. I understand the nat gas sector is experiencing issues, especially in the southern states, but as a long term investor, would you look at TCW at these levels? Thanks in advance.
Kevin
My question is on Trican (TCW). Their last quarter was fantastic (increased dividend and strong profits), and saw the stock rally to ~$19. Since then, like the rest of the sector, it has been badly beaten down, now trading at roughly 5x 2012 EPS estimates. I understand the nat gas sector is experiencing issues, especially in the southern states, but as a long term investor, would you look at TCW at these levels? Thanks in advance.
Kevin