STONECAP securities....PRICE TARGET $1.10In June 2012, stonecap initiated coverage on TID with a PT at $1.1
Then HRT breached the contracts in H2 2012 but TID returned back to that levels of business in Q2 and Q3 2013. Check out the debt and the other ratios between Q3 2012 and Q2 2013....Nothing has changed since then.....debt etc.
Thus, the PT has not changed either.....or even if it has changed, it is SLIGHTLY reduced.....the gap with the current price of 14 cents is huge !! the link is below.
please check out all the details provided by Stonecap to see what I am saying:
https://www.stonecapsecurities.com/PDFs/Reports/2012/June/Tuscany=International=Drilling=Inc.(Report05312012).pdf