RE:valuationSell CXR @ $40??? With a P/E of 5x? U mad???
Carlos66 wrote:
While I agree it is undervalued based upon today's price the business model is going to have to change to fit with today's new reality...IMO & I don't mean targeted short selling by unlicensed market makers. With the imminent demise of some oil sector companies when banks rerate their oil sector loans based upon lower for longer oil prices, the growth by acquisition strategy is going to have to change as $$$$ is going to dry up if it hasn't already.
Based upon the new reality CXR will not get to VRX's size now..IMO; so what now?
If smart money didn't believe some of what the short sellers were saying they wouldn't have sold. Part of it I grant you is sell now & wait till the dust settles before getting back in, if ever & there's the rub..they don't have to get back in. Other opportunities may/will come along with far less risk, but with comparable returns.
Dead money till next year..IMO
carlos