THRSF Thunderbird Resorts Inc (CE)

0.045

0.005 (12.50%)

28 Jun 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type
Thunderbird Resorts Inc (CE)	USOTC:THRSF	OTCMarkets	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.005	12.50%	0.045			0.045	0.045	0.045	1,999	14:56:57

EDISON EQUITY RESEARCH - TBIRD

02/06/2015 10:20am

InvestorsHub NewsWire

EDISON EQUITY RESEARCH: THUNDERBIRD RESORTS - Q1 SNAPSHOT

Thunderbird Resort’s Q1 results showed encouraging progress despite adverse forex – adjusted EBITDA more than doubled to $0.94m. Cost-cutting and debt reduction are underway and management continues to evaluate strategic options, as discussed in our 12 May Outlook report, including unlocking value from its $75m of real estate. Our estimates are unchanged, as are our sum-of-the-parts ($0.92-1.69 per share) and break-up value ($1.54-2.68 per share), both materially ahead of the current share price despite the recent rise.

Thunderbird Resorts is a Latin American gaming operator with casino, slot parlour and hotel operations in Peru and Nicaragua, with approximately 2,000 gaming positions. It sold its Costa Rica operations in February 2015.

To view our full report, please click here

Click here to view all of Edison Investment Research’s published reports