TSXV:CVI.P - Post by User
Comment by
CalifDreamingon Mar 25, 2009 3:39pm
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Post# 15870411
RE: gm vs cvi
RE: gm vs cviStrange that you should finally "lighten up" now. CVI was a sell for the last 18 months based on repeated failures to deliver (ie terrible management), poor reserves and significant over valuation. At current levels, it's decent value based on cash and cash flow.
The problem with this company is that nobody believes a word they say. The list of repeated "failures to deliver" is a mile long. They need a significant discovery to move the needle. And if they do, I'd suggeset taking that opportunity to get out - old dogs can't change their spots and Shimoon is an old dog.