RE:RE:RE:RE:RE:RE:RE:RE:Beacon Securities increase price targetMaybe it's not going up because too many people are trading around "a core position"!
hahah
Why people come on here trying to bicker about trading styles and convince others is beyond me.
My belief is that will be a $5 stock in the next 12 months. I actually believe what smithy said was true - this will get larger attention by year end.
For all intents and purposes, Mgmt has a niche product, is growing their suite of offerings and is hitting aggressive growth targets. "Profits will come" is the concensus view .... as long as they keep doing the right thing. Period.
If you wait for profits to fully come before buying, you can pick up shares at $5 later. If you want to speculate that profits will come, you can buy them at $3 today. You may also believe that profits will never come (also speculation)? In which case you'd buy shares for $1.50 later. Take your pick.
One thing to realize with Canadian small caps is that the markets are FAR from perfect and rational. Great companies with great performance, growth and profits can take years before they come good investments (I.e. Their stocks pop). Some of it is PR, some of it is just unsexy industries.....yes, like this One.
Everyone go have a beer and have a good weekend.
cheers.
Side note: no facts were presented in this post other than those in bold above.