Savaria Corp

Live  

Savaria Corp is a Canadian company that specializes in the design and manufacture of accessibility equipment. They offer a range of products such as stair lifts, wheelchair lifts, residential elevators, and commercial elevators. The company was founded in 1979 and is based in Laval, Quebec.
Savaria Corp is a publicly traded company on the Toronto Stock Exchange under the ticker symbol SIS. They also have operations in the United States and Europe, with their products sold in over 35 countries worldwide.
The company's mission is to improve the quality of life of people with mobility challenges by providing them with safe, reliable, and innovative accessibility solutions. They focus on research and development to continuously improve their products and meet the changing needs of their customers.
Savaria Corp has received numerous awards and recognition for their products, including being named one of the top 50 Best Managed Companies in Canada for several years. They are also committed to sustainability and have implemented various initiatives to reduce their environmental impact, such as using energy-efficient products in their manufacturing processes.
Overall, Savaria Corp is a leading company in the accessibility industry, with a strong commitment to improving the lives of individuals with mobility challenges and a focus on innovation and sustainability.

MS4gTGVhZG luZyBhY2Nl c3NpYmlsaX R5IHNvbHV0 aW9ucyBjb2 1wYW55OiBT YXZhcmlhIE NvcnAgc3Bl Y2lhbGl6ZX MgaW4gZGVz aWduaW5nIG FuZCBtYW51 ZmFjdHVyaW 5nIHNvbHV0 aW9ucyBmb3 IgcGVvcGxl IHdpdGggbW 9iaWxpdHkg Y2hhbGxlbm dlcywgbWFr aW5nIHRoZW 0gYSBsZWFk ZXIgaW4gdG hlIGFjY2Vz c2liaWxpdH kgaW5kdXN0 cnkuPGJyPj IuIFdpZGUg cmFuZ2Ugb2 YgcHJvZHVj dHM6IFRoZS Bjb21wYW55 IG9mZmVycy BhIHdpZGUg cmFuZ2Ugb2 YgcHJvZHVj dHMgaW5jbH VkaW5nIHN0 YWlybGlmdH MsIHdoZWVs Y2hhaXIgbG lmdHMsIGhv bWUgZWxldm F0b3JzLCBh bmQgYWNjZX NzaWJsZSB2 ZWhpY2xlcy wgY2F0ZXJp bmcgdG8gdm FyaW91cyBu ZWVkcyBhbm QgcHJlZmVy ZW5jZXMgb2 YgaXRzIGN1 c3RvbWVycy 48YnI+My4g SW5ub3ZhdG l2ZSB0ZWNo bm9sb2d5Oi BTYXZhcmlh IENvcnAgaX Mga25vd24g Zm9yIGl0cy B1c2Ugb2Yg aW5ub3ZhdG l2ZSB0ZWNo bm9sb2d5IG luIGl0cyBw cm9kdWN0cy wgc3VjaCBh cyB0aGUgUG 5ldW1hdGlj IFZhY3V1bS BFbGV2YXRv ciwgd2hpY2 ggdXNlcyBh aXIgcHJlc3 N1cmUgdG8g bW92ZSB0aG UgZWxldmF0 b3IgY2FyLj xicj40LiBH bG9iYWwgcH Jlc2VuY2U6 IFdpdGggb3 BlcmF0aW9u cyBpbiBOb3 J0aCBBbWVy aWNhLCBFdX JvcGUsIGFu ZCBBc2lhLC BTYXZhcmlh IENvcnAgaG FzIGEgZ2xv YmFsIHByZX NlbmNlIGFu ZCBzZXJ2ZX MgY3VzdG9t ZXJzIGluIG 1hbnkgY291 bnRyaWVzIG Fyb3VuZCB0 aGUgd29ybG QuPGJyPjUu IFN0cm9uZy BmaW5hbmNp YWwgcGVyZm 9ybWFuY2U6 IFRoZSBjb2 1wYW55IGhh cyBjb25zaX N0ZW50bHkg c2hvd24gc3 Ryb25nIGZp bmFuY2lhbC BwZXJmb3Jt YW5jZSwgd2 l0aCBzdGVh ZHkgcmV2ZW 51ZSBncm93 dGggYW5kIH Byb2ZpdGFi aWxpdHkgb3 ZlciB0aGUg eWVhcnMuPG JyPjYuIENv bW1pdG1lbn QgdG8gc3Vz dGFpbmFiaW xpdHk6IFNh dmFyaWEgQ2 9ycCBpcyBj b21taXR0ZW QgdG8gc3Vz dGFpbmFiaW xpdHkgYW5k IGhhcyBpbX BsZW1lbnRl ZCB2YXJpb3 VzIGluaXRp YXRpdmVzIH RvIHJlZHVj ZSBpdHMgZW 52aXJvbm1l bnRhbCBpbX BhY3QsIHN1 Y2ggYXMgdX NpbmcgZWNv LWZyaWVuZG x5IG1hdGVy aWFscyBhbm QgcmVkdWNp bmcgZW5lcm d5IGNvbnN1 bXB0aW9uIG luIGl0cyBt YW51ZmFjdH VyaW5nIHBy b2Nlc3Nlcy 48YnI+Ny4g Rm9jdXMgb2 4gY3VzdG9t ZXIgc2F0aX NmYWN0aW9u OiBUaGUgY2 9tcGFueSBw bGFjZXMgYS BzdHJvbmcg ZW1waGFzaX Mgb24gY3Vz dG9tZXIgc2 F0aXNmYWN0 aW9uLCBjb2 5zdGFudGx5 IHNlZWtpbm cgZmVlZGJh Y2sgYW5kIG 1ha2luZyBp bXByb3ZlbW VudHMgdG8g aXRzIHByb2 R1Y3RzIGFu ZCBzZXJ2aW Nlcy48YnI+ OC4gU3Ryb2 5nIGFjcXVp c2l0aW9uIH N0cmF0ZWd5 OiBTYXZhcm lhIENvcnAg aGFzIGEgc3 VjY2Vzc2Z1 bCB0cmFjay ByZWNvcmQg b2YgYWNxdW lyaW5nIGFu ZCBpbnRlZ3 JhdGluZyBj b21wYW5pZX MsIGFsbG93 aW5nIGl0IH RvIGV4cGFu ZCBpdHMgcH JvZHVjdCBv ZmZlcmluZ3 MgYW5kIHJl YWNoIG5ldy BtYXJrZXRz Ljxicj45Li BBd2FyZC13 aW5uaW5nIG NvbXBhbnk6 IFRoZSBjb2 1wYW55IGhh cyByZWNlaX ZlZCBudW1l cm91cyBhd2 FyZHMgYW5k IHJlY29nbm l0aW9uIGZv ciBpdHMgcH JvZHVjdHMs IHNlcnZpY2 VzLCBhbmQg Y29tbWl0bW VudCB0byBx dWFsaXR5IG FuZCBpbm5v dmF0aW9uLj xicj4xMC4g U29jaWFsIH Jlc3BvbnNp YmlsaXR5Oi BTYXZhcmlh IENvcnAgaX MgY29tbWl0 dGVkIHRvIG dpdmluZyBi YWNrIHRvIH RoZSBjb21t dW5pdHkgdG hyb3VnaCBj aGFyaXRhYm xlIGRvbmF0 aW9ucywgc3 BvbnNvcnNo aXBzLCBhbm QgaW5pdGlh dGl2ZXMgdG 8gc3VwcG9y dCBhY2Nlc3 NpYmlsaXR5 IGFuZCBpbm NsdXNpb24g Zm9yIHBlb3 BsZSB3aXRo IGRpc2FiaW xpdGllcy4=

U2F2YXJpYS BDb3JwIGlz IGEgbGVhZG luZyBnbG9i YWwgbWFudW ZhY3R1cmVy IG9mIGFjY2 Vzc2liaWxp dHkgc29sdX Rpb25zLCBw cm92aWRpbm cgYSByYW5n ZSBvZiBwcm 9kdWN0cyBz dWNoIGFzIH N0YWlybGlm dHMsIHdoZW VsY2hhaXIg bGlmdHMsIG FuZCBwbGF0 Zm9ybSBsaW Z0cyBmb3Ig cmVzaWRlbn RpYWwgYW5k IGNvbW1lcm NpYWwgdXNl LiBUaGV5IG Fsc28gb2Zm ZXIgY3VzdG 9tIHNvbHV0 aW9ucyBmb3 IgaW5kaXZp ZHVhbHMgd2 l0aCBzcGVj aWZpYyBhY2 Nlc3NpYmls aXR5IG5lZW RzLiBUaGVp ciBidXNpbm VzcyBtb2Rl bCBpcyBjZW 50ZXJlZCBh cm91bmQgZG VzaWduaW5n LCBtYW51Zm FjdHVyaW5n LCBkaXN0cm lidXRpbmcs IGFuZCBpbn N0YWxsaW5n IGhpZ2gtcX VhbGl0eSBh bmQgcmVsaW FibGUgcHJv ZHVjdHMgdG 8gaW1wcm92 ZSB0aGUgbW 9iaWxpdHkg YW5kIGluZG VwZW5kZW5j ZSBvZiBpbm RpdmlkdWFs cyB3aXRoIH BoeXNpY2Fs IGNoYWxsZW 5nZXMuIFRo ZXkgZm9jdX Mgb24gaW5u b3ZhdGlvbi wgcXVhbGl0 eSwgYW5kIG N1c3RvbWVy IHNhdGlzZm FjdGlvbiB0 byBtYWludG FpbiB0aGVp ciBwb3NpdG lvbiBhcyBh IG1hcmtldC BsZWFkZXIg aW4gdGhlIG FjY2Vzc2li aWxpdHkgaW 5kdXN0cnku IEFkZGl0aW 9uYWxseSwg U2F2YXJpYS BDb3JwIGFs c28gb3Blcm F0ZXMgdGhy b3VnaCBhIG 5ldHdvcmsg b2YgYXV0aG 9yaXplZCBk ZWFsZXJzIG FuZCBkaXN0 cmlidXRvcn MsIGFsbG93 aW5nIHRoZW 0gdG8gcmVh Y2ggYSB3aW RlciBtYXJr ZXQgYW5kIH Byb3ZpZGUg Y29tcHJlaG Vuc2l2ZSBj dXN0b21lci BzdXBwb3J0 Lg==

Savaria Corp, like many companies, can experience sensitivity in its earnings, cash flow, and valuation due to changes in interest rates. Here’s a breakdown of how these factors are affected:
1. Earnings Sensitivity:
- Cost of Debt: If Savaria holds debt, an increase in interest rates could raise its interest expenses, negatively impacting net earnings. Conversely, lower rates could reduce these costs and boost earnings.
- Consumer Demand: Rising interest rates may lead to higher borrowing costs for consumers, which could decrease demand for Savaria’s products and services. This decline in demand can lead to lower sales and profit margins.
2. Cash Flow Sensitivity:
- Financing Costs: Increased interest rates can strain cash flows due to higher repayments on variable-rate debt. Reduced cash flow may limit operational flexibility or investments in growth opportunities.
- Investment Decisions: High-interest rates might change the company’s investment strategies. If financing becomes more expensive, Savaria may delay or scale back capital expenditures, impacting future cash flows.
3. Valuation Sensitivity:
- Discount Rate: A rise in interest rates typically leads to a higher discount rate used in valuation models, which can lower the present value of the company’s future cash flows, thereby reducing its overall valuation.
- Market Perception: Investors may alter their perception of risk in response to interest rate changes, influencing market multiples used for valuation. Higher rates might lead to a preference for safer investments, negatively affecting Savaria’s stock price.
In summary, changes in interest rates can have a significant impact on Savaria Corp’s earnings, cash flow, and valuation due to higher financing costs, shifts in consumer demand, and changes in market sentiment. The company may need to remain vigilant and adaptable to manage these risks effectively.

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvQX g0N0llRW11 ZHpBZ01FWU N6b1Yud2Vi cCIgYWx0PS JTYXZhcmlh IENvcnAiIH RpdGxlPSJT YXZhcmlhIE NvcnAiICBj bGFzcz0iaW 1nLWZsdWlk IiBoZWlnaH Q9OTAgd2lk dGg9OTAgbG 9hZGluZz0n bGF6eScgc3 R5bGU9J2Jv cmRlci1yYW RpdXM6IDZw eDsnPgoKIC AgICAgICAg ICAgICAgIC AgICA8ZGl2 IHN0eWxlPS dmbGV4OiAx OyB0ZXh0LW FsaWduOiBj ZW50ZXI7IG 1hcmdpbi1s ZWZ0OiA1cH g7Jz4KICAg ICAgICAgIC AgICAgICAg ICAgICAgPH Agc3R5bGU9 J2ZvbnQtc2 l6ZTogMjZw eDsgY29sb3 I6ICMzMzM7 IG1hcmdpbi 1ib3R0b206 IDE1cHg7Jz 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIP Cfk4ggV2Fu dCB0byByZW FkIG1vcmUg YWJvdXQgU2 F2YXJpYSBD b3JwPwogIC AgICAgICAg ICAgICAgIC AgICAgICA8 L3A+CgogIC AgICAgICAg ICAgICAgIC AgICAgICA8 YSBocmVmPS dpbmRleC5w aHA/cGFnZT 1zaWdudXAn IHN0eWxlPS cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG JhY2tncm91 bmQtY29sb3 I6ICMwMDdC RkY7CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBjb2xvcj ogI2ZmZjsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIHBh ZGRpbmc6ID EwcHggMjBw eDsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGJvcmRlci 1yYWRpdXM6 IDVweDsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIHRleH QtZGVjb3Jh dGlvbjogbm 9uZTsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGZvbnQt d2VpZ2h0Oi Bib2xkOwog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgbWFy Z2luLXJpZ2 h0OiAxMHB4 OwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg dHJhbnNpdG lvbjogYmFj a2dyb3VuZC 1jb2xvciAw LjNzIGVhc2 U7JwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Agb25tb3Vz ZW92ZXI9J3 RoaXMuc3R5 bGUuYmFja2 dyb3VuZENv bG9yPSIjMD A1NmIzIicK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIG9u bW91c2VvdX Q9J3RoaXMu c3R5bGUuYm Fja2dyb3Vu ZENvbG9yPS IjMDA3QkZG Iic+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBTaWduIH VwIGZvciBm cmVlCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDwv YT4KCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxz cGFuIHN0eW xlPSdtYXJn aW46IDAgOH B4OyBjb2xv cjogIzU1NT snPm9yPC9z cGFuPgoKIC AgICAgICAg ICAgICAgIC AgICAgICAg PGEgaHJlZj 0naW5kZXgu cGhwP3BhZ2 U9bG9naW4n IHN0eWxlPS cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG NvbG9yOiAj MDA3QkZGOw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgdG V4dC1kZWNv cmF0aW9uOi B1bmRlcmxp bmU7CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBmb250LX dlaWdodDog NTAwOyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBsb2 cgaW4KICAg ICAgICAgIC AgICAgICAg ICAgICAgPC 9hPgoKCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xwIHN0eWxl PSdtYXJnaW 4tdG9wOiAx NXB4OyBmb2 50LXNpemU6 IDEzcHg7IG ZvbnQtd2Vp Z2h0OiBib2 xkOyBjb2xv cjogI2QzMm YyZjsnPgog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAg4pyN 77iPIFNpZ2 4gdXAgdG8g Z2V0IDxpPi JUaGUgQ2hl Y2tsaXN0IF ZhbHVlIElu dmVzdG9yIO KAlCBBIFNt YXJ0ZXIgV2 F5IHRvIFBp Y2sgU3RvY2 tzIjwvaT4g Zm9yIGZyZW UKICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9wPg oKICAgICAg ICAgICAgIC AgICAgICAg ICAgPCEtLQ ogICAgICAg ICAgICAgIC AgICAgICAg ICA8ZGl2IH N0eWxlPSdt YXJnaW4tdG 9wOiAxMnB4 OyBmb250LX NpemU6IDEz cHg7IGNvbG 9yOiAjNDQ0 Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBTaWduIH VwIG5vdyBh bmQgZ2V0IG 91ciBmcmVl IGVCb29rIA ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgPG I+VGhlIENo ZWNrbGlzdC BWYWx1ZSBJ bnZlc3Rvci DigJQgQSBT bWFydGVyIF dheSB0byBQ aWNrIFN0b2 NrczwvYj4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPC9kaXY+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIC0tPgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8IS0tCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xkaXYgc3R5 bGU9J21hcm dpbi10b3A6 IDE2cHg7IG ZvbnQtc2l6 ZTogMTRweD sgY29sb3I6 ICM0NDQ7IG ZvbnQtZmFt aWx5OiAtYX BwbGUtc3lz dGVtLCBCbG lua01hY1N5 c3RlbUZvbn QsIFNlZ29l IFVJLCBSb2 JvdG8sIEhl bHZldGljYS BOZXVlLCBz YW5zLXNlcm lmOyBsaW5l LWhlaWdodD ogMS42Oyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBI YXZlIHlvdS BoZWFyZCBh Ym91dCBvdX Igc2hvcnQg PHN0cm9uZy BzdHlsZT0n Zm9udC13ZW lnaHQ6IDYw MDsnPkRhaW x5IFZpZGVv IE5ld3NsZX R0ZXI8L3N0 cm9uZz4/Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICA8YS BocmVmPSdo dHRwczovL3 d3dy5pbnNp Z2h0ZnVsdm FsdWUuY29t L25ld3NsZX R0ZXIucGhw JyB0YXJnZX Q9J19ibGFu aycgc3R5bG U9J2NvbG9y OiAjMDA3Qk ZGOyB0ZXh0 LWRlY29yYX Rpb246IG5v bmU7IGZvbn Qtd2VpZ2h0 OiA1MDA7IG 1hcmdpbi1s ZWZ0OiA2cH g7Jz4KICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBG aW5kIG91dC Btb3JlCiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICA8L2E+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvZGl2 PgogICAgIC AgICAgICAg ICAgICAgIC AgICAtLT4K ICAgICAgIC AgICAgICAg ICAgICA8L2 Rpdj4KICAg ICAgICAgIC AgICAgIDwv ZGl2PgogIC AgICAgICAg ICA8L2Rpdj 4KICAgICAg ICAgICAgCi AgICAgICAg CiAgICAgIC AgPHNwYW4g Y2xhc3M9J2 JsdXJyZWQt dGV4dCc+Ci AgICAgICAg ICAgIE1TNG dVMkYyWVgg SnBZU0JwY3 lCaCBJRU5o Ym1Ga2FXIE Z1SUdOdmJY QmggYm5rZ2 RHaGhkQyBC M1lYTWdabT kxIGJtUmxa Q0JwYmkgQX hPVGM1SUdK NSBJRTFoY2 1ObGJDIEJD YjNWeVlYTn ogWVNCcGJp Qk1ZWCBaaG JDd2dVWFZs IFltVmpMan hpY2ogNHlM aUJVYUdVZy BZMjl0Y0dG dWVlIEtBbV hNZ2JtRnQg WlNCcGN5Qn BibiBOd2FY SmxaQ0JpIG VTQjBhR1Vn ZEcgOTNiaU J2WmlCVCBZ WFpoY21saE lHIGx1SUVo MWJtZGggY2 5rc0lIZG9h VyBOb0lHbH pJR3R1IGIz ZHVJR1p2Y2 kgQnBkSE1n ZEhKaCBaR2 wwYVc5dVlX IHdnYUdGdV pHbGogY21G bWRITWdZVy A1a0lHMWxk R0ZzIGQyOX lhM011UEcg SnlQak11SU ZOaCBkbUZ5 YVdFZ2MzIF JoY25SbFpD QnYgWm1ZZ1 lYTWdZUyBC dFlXNTFabU ZqIGRIVnla WElnYjIgWW djbVZ6YVdS bCBiblJwWV d3Z1pXIHhs ZG1GMGIzSn ogTENCaWRY UWdhRyBGek lITnBibU5s IElHZHliM2 R1SUggUnZJ R0psWTI5dC BaU0J2Ym1V Z2IyIFlnZE dobElIUnYg Y0NCd2NtOT JhVyBSbGNu TWdiMllnIF lXTmpaWE56 YVcgSnBiR2 wwZVNCeiBi MngxZEdsdm JuIE1nWm05 eUlIUm8gWl NCa2FYTmhZ bSB4bFpDQm hibVFnIFpX eGtaWEpzZV MgNDhZbkkr TkM0ZyBWR2 hsSUdOdmJY IEJoYm5uaW dKbHogSUhC eWIyUjFZMy BRZ2JHbHVa U0JwIGJtTn NkV1JsY3kg QnpkR0ZwY2 14cCBablJ6 TENCM2FHIF ZsYkdOb1lX bHkgSUd4cF puUnpMQyBC alpXbHNhVz VuIElHeHBa blJ6TEMgQm hibVFnYUc5 dCBaU0JsYk dWMllYIFJ2 Y25Nc0lHRn ogSUhkbGJH d2dZWCBNZ2 MzQmxZMmxo IGJHbDZaV1 FnZG0gVm9h V05zWlNCcy BhV1owY3lC aGJtIFFnWT I5dGJXVnkg WTJsaGJDQm hZMiBObGMz TnBZbWxzIG FYUjVJSE52 YkggVjBhVz l1Y3k0OCBZ bkkrTlM0Z1 UyIEYyWVhK cFlTQm8gWV hNZ2IzWmxj aSBBeExEQX dNQ0JsIGJY QnNiM2xsWl ggTWdZVzVr SUdseiBJSE IxWW14cFky IHg1SUhSeV lXUmwgWkNC dmJpQjBhRy BVZ1ZHOXli MjUwIGJ5Ql RkRzlqYXkg QkZlR05vWV c1biBaU0Fv VkZOWUtTIE IxYm1SbGNp QjAgYUdVZ2 RHbGphMiBW eUlITjViV0 p2IGJDQlRT Vk11UEcgSn lQall1SUZS byBaU0JqYj Ixd1lXIDU1 SUdoaGN5Qn QgWVc1MVpt RmpkSCBWeW FXNW5JR1po IFkybHNhWF JwWlggTWdh VzRnUTJGdS BZV1JoTENC MGFHIFVnVl c1cGRHVmsg SUZOMFlYUm xjeSB3Z1Ey aHBibUVzIE lHRnVaQ0JJ ZFcgNW5ZWE o1TENCaCBi bVFnYzJWc2 JIIE1nYVhS eklIQnkgYj JSMVkzUnpJ RyBsdUlHOT JaWElnIE16 VWdZMjkxYm 4gUnlhV1Z6 SUhkdiBjbX hrZDJsa1pT IDQ4WW5JK0 55NGcgVTJG MllYSnBZUy BCb1lYTWdj bVZqIFpXbD JaV1FnYm4g VnRaWEp2ZF hNZyBZWGRo Y21SeklHIE Z1WkNCeVpX TnYgWjI1cG RHbHZiaSBC bWIzSWdhWF J6IElIQnli MlIxWTMgUn pMQ0JwYm1O cyBkV1JwYm 1jZ2RHIGhs SUVsdWJtOT IgWVhScGRt VWdUVyBGdW RXWmhZM1Ix IGNtVnlJRz ltSUggUm9a U0JaWldGeS BJR0YzWVhK a0lHIFp5Yj IwZ2RHaGwg SUVOaGJtRm thVyBGdUlF MWhiblZtIF lXTjBkWEps Y24gTWdZVz VrSUVWNCBj Rzl5ZEdWeW MrIEtBbVNC QmMzTnYgWT JsaGRHbHZi aSA0OFluSS tPQzRnIFNX NGdNakF4TU Mgd2dVMkYy WVhKcCBZU0 JoWTNGMWFY IEpsWkNCMG FHVWcgVlZN dFltRnpaVy BRZ2QyaGxa V3hqIGFHRn BjaUJzYVcg WjBJRzFoYm 5WbSBZV04w ZFhKbGNpIE JJWVhKdFlY SWcgVFc5aW FXeHBkSCBr c0lHVjRjR0 Z1IFpHbHVa eUJwZEggTW diV0Z5YTJW MCBJSEJ5Wl hObGJtIE5s SUdsdUlFNX YgY25Sb0lF RnRaWCBKcF kyRXVQR0p5 IFBqa3VJRl JvWlMgQmpi MjF3WVc1NS BJR2hoY3lC aElHIE52Yl cxcGRHMWwg Ym5RZ2RHOG djMyBWemRH RnBibUZpIG FXeHBkSGtn WVcgNWtJR2 hoY3lCcCBi WEJzWlcxbG JuIFJsWkNC elpYWmwgY2 1Gc0lHVnVk bSBseWIyNX RaVzUwIFlX eHNlUzFtY2 0gbGxibVJz ZVNCcCBibW wwYVdGMGFY IFpsY3l3Z2 MzVmogYUNC aGN5QjFjMi BsdVp5Qmxi bVZ5IFoza3 RaV1ptYVcg TnBaVzUwSU d4cCBaMmgw YVc1bklHIE Z1WkNCeVpX TjUgWTJ4cG JtY2diVyBG MFpYSnBZV3 h6IElHbHVJ R2wwY3kgQn RZVzUxWm1G aiBkSFZ5YV c1bklIIEJ5 YjJObGMzTm wgY3k0OFlu SStNVCBBdU lFbHVJR0Zr IFpHbDBhVz l1SUggUnZJ R2wwY3lCaC BZMk5sYzNO cFltIGxzYV hSNUlITnYg YkhWMGFXOX VjeSB3Z1Uy RjJZWEpwIF lTQmhiSE52 SUcgOW1abV Z5Y3lCbyBi MjFsSUdGMW RHIDl0WVhS cGIyNGcgYz NsemRHVnRj eSB3Z2MzVm phQ0JoIGN5 QmhkWFJ2Yl cgRjBaV1Fn ZDJsdSBaRz kzSUdOdmRt IFZ5YVc1bm N5QmggYm1R Z2JHbG5hSC BScGJtY2dZ Mjl1IGRISn ZiSE1zSUgg UnZJRzFoYT JVZyBhRzl0 WlhNZ2JXID l5WlNCamIy MW0gYjNKMF lXSnNaUyBC aGJtUWdZMj l1IGRtVnVh V1Z1ZEMgQm 1iM0lnYVhS eiBJR04xYz NSdmJXIFZ5 Y3k0PQogIC AgICAgIDwv c3Bhbj4KIC AgICAgICAK ICAgICAgIC A=
See Company Q&A