TSXV:WEE.H - Post by User
Post by
BenVest99on Oct 14, 2009 10:49pm
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Post# 16389064
Comment on latest analyst report
Comment on latest analyst reportThe 2nd Superstar that will hopefully be presenting is one of our favorite stories of late, Wavefront Energy.
Late Friday, we came across a report on Wavefront that tries to place an “intrinsic value” on the company. This firm has calculated the “intrinsic value” of Wavefront to be worth $1.00 to $1.35 per share which is in sharp contrast to what the shares currently trade at. We’ve mentioned numerous times that Wavefront needs, & of late has been getting, continuous & (hopefully) some substantial contracts from some major players.
This will then not only validate the technology & substantiate future growth of the stock, but strengthen the current price.
The market seemed to value the company a few months ago between 60 & 70-cents when we became major buyers so this report actually gives a little more assurance rather than concern but we will see won’t we.
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