MIND
Re: MIND
MIND is actually on-track to end up with the best year in company history for the year ending 1-31-2013. EPS will be soft in Q3 but the outlook for Q4 is very strong as business in Canada and Russia should be very strong. Plus, Seamap should have several large sales close in Q4.
First Call's Target Price is $21/share.
I have seen nothing that makes me change my forecast model, which you can find under the Watch List Tab.
Cash Flow per share should be around $4 this fiscal year and higher next year. [Based on First Call's EPS forecast, cash flow per share will be over $5 for the fiscal year ending 1-31-2014.]
MIND is going to generate $50 to $55 million in cash flow this year, which compares to a capital budget of under $40 million.
Very strong balance sheet and lots of free cash flow.
First Call's Target Price is $21/share.
I have seen nothing that makes me change my forecast model, which you can find under the Watch List Tab.
Cash Flow per share should be around $4 this fiscal year and higher next year. [Based on First Call's EPS forecast, cash flow per share will be over $5 for the fiscal year ending 1-31-2014.]
MIND is going to generate $50 to $55 million in cash flow this year, which compares to a capital budget of under $40 million.
Very strong balance sheet and lots of free cash flow.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group