RE:RE:RE:RE:RE:RE:RE:RE:7 dollars
Captain71 wrote: When times are tough, no earnings = no interest in the stock. Investors like to know that the company can be profitable during the hard times as well. I’m sure we will see increased interest in this stock the moment they report positive EPS.
I’m already aware some don’t agree with this but hard to deny right now when you see tech companies with earnings moving higher.
I still really like the potential here but sure hate how they keep using the big acquisition last year as an excuse for spending and quarterly losses. This has been dragged out too long and needs to improve.
To be honest though, unless we see another major market shock I don't expect to see 7 bucks. I had calculated a fair value price around $10.60 (including the negative net income) after last quarterly report, but can dip 20-25% below that in a selloff.
Sure would be nice to move a little higher here incase that selloff happens.
GLTA
I will try to summarize what I think is happening.
When prices skyrocket and are inflated then stocks tend to deviate significantly from its fundamentals. As an example, some companies with no profits or revenues were trading at price to book values of well over 10.
When prices of stocks are deflated, then stocks also deviate significantly from its fundamentals. If you've studied statistics then you can think of this as volatility (or standard deviation) above or below from the mean (intrinsic value)
Somewhere in the middle, or during the long run course of the business cycle, then fundamentals do matter. We're just not there yet because of concerns over the general economy.
Sangoma will undoubtedly be a long term winner.
Captain71, Sangoma is profitable ok. Don't go there pls.