RE:RE:CIBC UpgradeKpitreal wrote: I saw that, typical Canadian bank conservative estimate which is fine.
$23.50 implies 14.6% upside which is 11.5x pe.
PE12x $24.36 this is my low number, given ecommerce growth and new stores some see this trading higer with $28.00 plus being mentioned on marketcall.
With a 3% dividend even $23.50 is approx 17%v return,
Looks like a 20% plus to me and still room to run.
My opinion only, it is a shame that so few shares are traded, shows that no major players will sell at these low prices.
Hasnt been much change in the last 6 weeks. Trading volume remains low which increases SP volatility. Same thing has affected a considerable number of smallcaps over this timeframe. GLTA