RE:QIPT Financial Forecast - Annual -2024/2028Not long but keep watching this one out of intrigue more than anything else.
Find the analyst ratings 'unreliable.' from $3.53 to about $10 done in May by 6 analysts (I find the first 4 letters generall speak a lot to what these people come up with, particularly when they are involved in financings, which all of them I believe were in that 04/23 bought deal at $7,75, Seems like they probably un;oaded those safely as the stock reached new highs aferwards. Idea of new prospctus being filed is interesting and doubt we'll see that kind of $value in any deal again. To me, all MHO, the ba]ance sheet is just not that good...rising receivables, rising payables, rising credit provisions (and it was only 12% medicare in receivabes at last report I believe...not quite what Abe says in his articles), significantly increased goodwill, (Elm purchase)?,inventory and inventory loans signiificant and no ability to really assess. And they actually had (Mar 31) in-the-money options but that does not mean in itself selling pressure.
No, I think the brokers have walked back on this one. More a trading stock if that is what one wants, again JMO.