Price prediction (WAG)According to Stockta.com there was minor resistance at C$5.44 which we have broken through. So the trend is up with support around $5.36-$5.39. In the short-term I think we'll challenge C$6 so a buy today theoretically yields about 8.7%. For the longer term, buying at the current price of C$5.52 should pay handsomely. Results coming on May 9 will surprise to the upside for both cash flow and profit. How they have distributed the excess cash flow will cement the turnaround story.
All of the above could turn out to be spectacularly wrong, of course. Do your own research, make your own decsions. Any forecast is based on the balance of probabilities. The probability of CPG rising is higher than a decline in my opinion. Picking exact price points is, as the title suggests, just a wild azz guess.