RE:RE:RE:RE:RE:all this optimisim Agreed Adamchess. But MM and Fund Managers don't always think as retail. They wait for the buy signal. Not a TA signal, not a fundamental signal but a momentum signal. Yes the TA signal and the fundamental (Q3) signal can be the catalyst. But the smart money is waiting for a real signal..... a momentum sign. In this case the signal may be when it starts climbing and reaches 45-55. Then they jump in with both feet turbocharging it further. Then the shorts begin their cover and before you know it the stock propels to 65-70. This is the smart money tactic. Remember they are rewarded by performance. The year's end is around the corner and they want their bonuses. Sure they could of bought at 44.00 last month but if it's at 40.00 at year end they don't get their bonus, because the fund is down and on top of that, their jobs may be in jeopardy.
On the other hand if they buy closer to year end at 50.00 (much higher prices then now) on an upward momentum, nobody is going to question them, and they will get their performance bonus.
adamchess wrote: Agreed. But the only negative i keep hearing is about the fear of Concordia's high debt to equity ratio. Once people realize that increasing revenues and cash flows take care of interest costs and a nice margin for debt repayment and/or expansion of its product line to improve these metrics even further, this fear should be dispelled. Those that research this and make these conclusions on their own DD will be able to buy at these ridiculously low share prices while those who wait for the other guy on BNN who says CXR debts are high and is not a buyer here, will have to pay much more when they get in later. I find it incredible that some of these fund managers are not jumping in with both feet. Maybe, they do not read financials too well. Anyway, there are several analysts who feel this easily going up past $60 USD and rate this a STRONG BUY! I think they did their homework and compared CXR/CXRX low PE multiple and its high growth rate to arrive at a PEG ratio well below 1. best wishes for an amazing profitable investment
TechTarget wrote: Thing is, there are two basic emotions on the markets FEAR and GREED.
These health stock are all stuck in FEAR right now. This is when you need to fundamentals and technical analysis.
The fundamentals are strong on CXR CXRX and the technical? Well, we just had two *sginificant* TA indicator showing short term price of 58-63.
Once we reach that point, the other TA indicators turn, momentum players pile on and who knows where we will be. Anything sub $70 is cheap to take your time people! ;-) LOL