OTCPK:RKNLF - Post by User
Comment by
MisterBon Apr 05, 2010 8:57pm
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Post# 16958835
RE: new 52 week high
RE: new 52 week highWell, first, I want to wish all RKN investors a happy return on their investment. I decided to sell my position today as I believe the stock may have gotten ahead of itself and I wanted to reinvest in another opportunity - CGW.to. No one went broke taking a 55% profit in a few months, but I do think we may see RKN retrace a little over the next bit as the PE is above 80.
That said, I do wish every holder a great return.
Something to consider for CGW.to - if you want to take a peek. They just sold their canadian wireless spectrum to Inukshuk (Bell and Rogers owned) - and are awaiting reg approval. The assets were divested for $80M, yet their market cap is $35M today, and they have 15M debt. along with 3 other sets of spectrum (they divested 25% of their spectrum). So, in my view, you could look for another 100% gain based on the approval of the sale by the CRTC. The stock is thinly traded, but for me, I felt it was a good step to go from a 55% gainer to a possible 100% gainer.
Also, earnings with SVC.to tomorrow... hopefully they beat expectations of (.02).
Take care, and I'll likely be back...
B