TSX:INO.UN - Post by User
Comment by
BlueJay2020on Sep 01, 2022 11:39pm
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Post# 34937278
RE:RE:RE:Could test the $3's
RE:RE:RE:Could test the $3's it all depends on which fundamentals you trust. At tbe end of the day book value is an accounting number and the only way you can really verify it is by selling. I much prefer AFFO as that tells you how much cash tbe NAV is generating. That is what I want to rely on as steady support for the distribution, not the hope of a capital gain down the line. Even after the cut AFFO is too high for my liking.
Management stated they felt the SP did not reflect true value and yet their actions have since cut the SP in half. They have a heck of a lot to prove. Can they make a success of asset recycling? AX.un's share performance tells us that is not as easy as it looks.
I actually have a secret soft spot for this stock, which is dangerous! It has exposure you cannot easily get on the Canadian stock market and I like to root for the smaller guys. I hope they can pull a rabbit out of the hat here. Perhaps insiders need to buy some shares as a sign of confidence in their strategy.
ELKInvestor wrote: Fair enough, but fundamentals have to come into play at some point. Share price was already .5 PBR st $5.00, now it's even crazier. This is not a pump and dump startup with no assets. No line goes straight up or down forever.