GREY:TBTEF - Post by User
Comment by
Jmarks1on Dec 21, 2014 12:56pm
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Post# 23253973
RE:RBC
RE:RBCScotia Banks update pretty much reads the same. New target price is $1.75 from $2.25.
I see some negative dismisve chatter about TD's update. What do people expect when cash flow drops so significantly? They base their reports on information at hand, where they think the company is headed and some personal bias.
Oil prices dropped in half, isn't it prudent to believe earning will drop by the same amount?
Yes some companies have hedges that will help short term, but if oil stays where it's at how would you rate the companies?
Dont get me wrong, I have NO love for analysts. But I'm happy to nose drag the data in their reports to see if it makes sense.