Post by
Lyburnum on Nov 07, 2022 4:26pm
blood in the streets.
When analyzing INO.UN, you need to ask yourself if this company is actually worth 36-37 cents on the dollar compared to a year ago... The answer is not surprisingly no. A lot of people know there is a play here to be made long-term, but are waiting for more news before entering into a position. The unknown is really terrifying in the case of a company such as inovalis which has a potential of a 2nd dividend cut. The market is looking at it the wrong way unfortunately. The news that came out Friday is not really news (confirmed what everyone paying attention already knew) and the BMO slashing their price target is a practical farce produced by an even more laughably farcicle analyst. The assets are still there standing and european real estate is trading at a very nice discount compared to a year ago. Everything that can go wrong in Europe is going on right now: inflation, war, recession, energy crisis, etc. My dad told me from a young age to buy when there`s blood in the streets. INO is at an almost 3-for-1 deal right now, just don't expect the 10% and higher dividend yield to last.