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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Post by contragaloon Oct 24, 2012 6:19am
239 Views
Post# 20516790

WE'LL KNOW SOON...

WE'LL KNOW SOON...

Bloomberg indicates November 9 as the date when TID will show its Q32012 numbers. After the numbers and following conference call we will have a better idea of why insiders haven´t been buying stock at such discounted price. Look for EBITDA(should be in the range of 13-15 M$ to hit analyst's expectations). If the reasons for the absence of insider buying are worse than expected numbers, Tuscany will still have a compellig value but maybe large investors will wait before jumping in the wagon, they will need to see confimation of an operational turnaround. If the numbers hit or improve the now low analyst's expectations, it can be an indication that the deep drop in TID price was due to big sales from a big fish (Fidelity is my candidate). If this prove true, then the time to accumulate at deep discount is over an the stock should climb to a more rational plateu (0.45 - 0.50, just to touch 0.5 P/BV, still extremely cheap but more in line with the problems that Tuscany has to solve to become a fairl price company.

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