RE:Recent weakness. ERTguy wrote: I’m sure the recent market pull back was one factor, the other being a couple of analysts reducing their EPS expectations for Q3. If anything it just opens up Aecon for a bigger beat especially with SNC out of the picture. Cheers
No. Analysts were actually raising expectations as the company raised theirs.
The reason was and will be the convertible debentures plain and simple. It is funny how this board chooses to ignore this reality. I suppose most here have no idea how converts work and their dynamics on share price. Explained it last year but got flak and denial for it. Bottom line, every time ARE attempts to get close to the convert price, this turd will get shorted right back down again. Only tremendous and continued momentum solves this, which won't happen on this type of boring stock.