RE:RE:desjardins prediction hiti Prostreet it is very common for a new institution that initiates coverage on a stock to go very conservative. They are just getting their feet wet. If they go aggressive in their targets and say $20 or $25 plus and the 12 month target doesn't materialize then they lose a bit of credibility which they do not like.
Guarantee you when they see next weeks ER and if it is good to very good then they will increase their target price. I have seen this happen many times in my investing career. I would not be concerned here at all.
Use the depressed prices to add to your positions. I have. I am up to 10k shares and 29k WR warrants. Have plenty of dry powder still to add on weakness. This stock is a keeper. The institutions are only now figuring it out. You can't keep a gem down forever. Growth in revenues and earnings are what drive a stock higher. The beauty here is that Hiti is small enough and not yet popular or in the spotlight like the LP's. Yet the LP's are no where near having the success and or growth that Hiti is enjoying. Take a look at all the new milestones that Hiti has had over the last 12 months. How many LP's or other retailers in this industry have matched them? It all starts with your CEO. We have the best in this industry IMO. haha
Life is good when you know you found the stock of your dreams!
Ron