TSXV:RBI.H - Post by User
Comment by
national10on Jan 01, 2008 2:58pm
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Post# 14139098
RE: Great Buy?? Not yet.
RE: Great Buy?? Not yet.You are going to see alot of weakness going into the first quarter of 2008. With the purchase in Manitoba this company is now highly leveraged.
The only way to turn this around is a hugh PP that will increase the float dramatically.
Hold onto your money for another 3 months.
I AM WATCHING THIS COMANY AND WILL MAKE A PURCHASE, BUT, THE VALUATIONS RIGHT NOW ARE JUST TOO HIGH.
If they get everything right with the rollout of the bottling line and market this well, the back half of 2008 for Russel could look very good.
Still alot of if's on Russel. Will continue watching.
A fair strike price right now is approx .30 to .32 cents a share.