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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (40968)	3/11/2019 8:10:09 PM
From: Goose94	Read Replies (1) of 202275

Trican Well Service (TCW-T) top pick from Teal Linde on BNN.ca Market Call Monday Mar 11th @ 1200ET From a valuation perspective, Trican’s net tangible asset value is over $600 million or approximately $2.00 per share. Recognizing its equipment would likely fetch a less than tangible book value if auctioned off in today’s weak market, we will apply a 25 per cent discount to the net tangible book value to arrive at an estimated liquidation value of approximately $1.50 per share. Therefore, at its recent share price of $1.36, Trican is trading below its liquidation value. With minimal debt to service, Trican has the ability to endure through this downturn until the cycle eventually improves. For the patient investor Trican offers a “heads you win, tails you lose a little” proposition. A return to tangible book value of $2.00 offers 40 per cent upside and a return to the $5.00 share price reached in 2017 offers over 250 per cent upside with downside appearing more limited.

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