RE:Beacon Securities - recent note to clientsLast sentence in the note from Beacon: "No mention of ridiculously low trading volumes, I wonder what he is promoting these days?"
Did wnotwrong get a job writing notes for Beacon?
"No mention of ridiculously low trading volumes, I wonder what he is promoting these days?"
sunshine7 wrote: The re-valuing of the sector, coupled with Concordias substantial debt load, probably means the end of its financial arbitrage as a means to continue its non-organic [growth] for the foreseeable future Doug Cooper, an analyst with Beacon Securities... This [heavy debt load] has forced the company to change its strategy from a growth-through-acquisition story to purely an internal growth story, driven by the new product launches at AMCo. ... With no imminent acquisition catalysts, we believe the shares will be range bound. .... the old story repeats itself - CXR has acquires products not companies. Amco was an exception and along with it came operational synergies and 60 product pipeline. No mention of enough cash flow to put a serious dent in the debt in short order or forecast growth in sales. No mention of ridiculously low trading multiples. I wonder what he is promoting these days?