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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose94	5/5/2016 2:58:00 PM
	Read Replies (1) of 203655

Analyst Believes Large Orders Ahead For Grande West Transportation Group (BUS-V) Echelon Wealth Partners Analyst, Amr Ezzat has increased his target on BUS to $0.90 after a recent management update. Mr. Ezzat believes the recent closing of $2.4 million in debentures, which greatly improves the company’s balance sheet, will allow management to bid on larger tenders across Canada. He also mentions a bigger repeat order of the Vicinity bus could help BUS significantly grow its business through a domino effect and that he is watching for a large BC. Transit RFP (Request For Proposal) to shortly be awarded and hopefully to Grande West. In the words of the analyst, “Namely, we are keeping a very close eye on the BC Transit RFP (41 buses in year 1 and an additional 71 buses in the following 3 years)”. The company delivered buses valued at $3.5 million to BC Transit in August 2013. Mr. Ezzat notes that bidding activity is very healthy suggesting a larger sales funnel going forward and estimates revenues in 2017 to be $50.9 million with EBITDA expectations of $6.2 million.

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