NYSE:TGMetals and Mining
Tredegar (TG) Stock Rebounds As Profit Returns Despite Five Year Earnings Slide
Tredegar stock jumped 14.7% to US$8.89 following the earnings release, indicating that traders liked what they saw on the surface. The more important consideration for shareholders is not today’s price move. The key shift is that Tredegar now reports trailing twelve month earnings from continuing operations of US$32.7m and basic EPS of US$0.94 after earlier losses.
That return to profit comes alongside a five-year earnings decline of about 22.3% a year. The rest of this report examines...