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CUI 4Q18 schedule & Latest Ebix purchase ?3

10:33 11-Mar-19


Next week will apparently be all about natural gas, as CUI Global has scheduled its fourth quarter report for the evening of Monday, March 28th, right before Westport's.  The average projection from 3 analysts covering CUI come to a loss of 6 cents per share on $23.8M in sales, with this quarter dropping to $22.5M.  

CUI Global's management has looked more shareholder friendly than any in recent memory, but governments are not cooperating.  The U.K. is still a mess, but the budget compromise in Italy might bring some relief.  It's also hard to form any reliable projections on the supply side, but increasing production from America seems favorable.  I think CUI shares are in a similar situation to WPRT, meaning they're likely to require hard results to really move.

News is also just breaking the Ebix intends to purchase Yatra Online for $7 per share.  YTRA had an IPO at $10 at the end of 2016 and closed at $3.80 last week.  Yatra's own plans were to become profitable within a year or two, but my guess from the discussion in the Ebix earnings call, is that its managmement intends to cut Yatra's subsidies and cross-market with its own services in order to achieve profitability much sooner.  The price is a little worrying, but that's par for the course with Ebix.  I'll be much more concerned with India's election results, which we should know sometime around May 23rd.  I see a Modi win as positive for EBIX.