ASX:TEROil and Gas
Are TerraCom (ASX:TER) Shares Undervalued Or Trapped By Losses?
TerraCom’s share price closed at A$0.069 after a weak week for the stock, yet the real story sits in the earnings hit to profitability. The headline is simple. Revenue in the latest half stayed in the tens of millions, but the company still posted a net loss of over A$30 million and remained unprofitable over the past year.
The market is treating TerraCom like a distressed asset on a cheap P/S multiple. The key question now is whether that discount reflects the ongoing loss profile or whether...