The quarterly report was not too impressive. However on the positive side the debt is reducing and the enterprise value is $41m based on today closing Share price of 9.0 cents.
Given that the hedging will expire in Feb and potential increase in revenue, I think TAP will appreciate in value in next few months.
Definitely will be holding on this undervalued stock.
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Ann: December 2016 Quarterly Report, page-9
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