Jokes on me. Read it for so many times and never caught it. This is from Dec quarterly. Operating EBITDA Dec quarter = $16.1 & 118.1
And this one is from the March quarterly. It used the EBITDA for September instead for SA and BA.
So TER management didn't even do fact check, and written comments about 100%+ improvement in EBITDA.
My portfolio is so heavy on TER, thinking management finally stepping up to turn the company around. Yet, it disappointed me again.
Note that this isn't a small mistake, it will directly influence an investor's buy/sell decision, and they didn't even bothered to double check?
They run the company, so they should know or notice there's something up with the 100%+ improvement. There's no excuse for them to not notice this mistake at all.
I expect them to make announcement regarding this mistake. Not a good look for TER at all.
TER Price at posting:
57.5¢ Sentiment: Hold Disclosure: Held
(20min delay)