Post by
Carlos66 on Oct 28, 2015 9:25am
valuation
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
Comment by
TechTarget on Oct 28, 2015 9:45am
Right, and since you are 100% TA based on your profile, the valuations don't matter to you. When value invetors continue to buy in and when the financials are releases, the TA will turn bright green and guys like you will be all over this. In the meantime, just a few weeks watiting here at the bottom. I can wait.. :-)
Comment by
Slinger14 on Oct 28, 2015 9:56am
Sell CXR @ $40??? With a P/E of 5x? U mad???
Comment by
bullchart on Oct 28, 2015 10:22am
Carlos... think I will make a little "dead money" today (and any day I can) while my longs snuggle in for the winter. :)