GREY:ALARF - Post by User
Comment by
maypeterson Nov 01, 2017 8:22am
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Post# 26886479
RE:RE:RE:RE:RE:Disappointing
RE:RE:RE:RE:RE:DisappointingCannot write down unless they are certain of no recovery. But you are right - would be nice if you take a one time hit and start fresh instead of getting pounded all the time (on good news or bad news - does not matter).
This has become a very very long term hold for most unless you are one of the traders getting in and out and we seem to have attracted a fair bunch. BSdetector2016 wrote: It would be nice if they would just clean the slate and write down aggressively. Waiting years for the stink to clear is not the way to treat your shareholders.
maypeters wrote: I expect it to be in the tens of millions. They are pretty agreessive in writing off delinquencies. Either way - the headline will scream losses and the retailers will react. At this time it is priced for another 3-4 partners failing already but will not matter much till the tide turns and the weak hands are gone. babedinkleman wrote: I'm just trying to figure how 'small' the writedown will be. If it is indeed small I could see the stock moving up....but if it's in the 10's of millions....is this a possibility?.... the headline risk and panic could move below the current channel the stock is trading in. Chime in with constructive feedback....no jeerryyy input needed.
osman3500 wrote: investors are expecting a small writedown based on the recent news so the pessimistic reaction is expected.
maybe the management will put some lipstick on this pig and then we may see a surprise positive reaction.
gvixid wrote: Would be nice to see the SP rally a bit in anticipation of earnings on Monday, especially considering that the tsx is setting record highs on a daily basis. It seems the market is not expecting good results.