TSX:WRK.DB.K - Post by User
Comment by
canadafanon Oct 24, 2010 10:15pm
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Post# 17605483
countdown to discovery! ? or letdown?
countdown to discovery! ? or letdown?With only 9 days to go befor the wrk Q3 results, I sit with anticipation!
All of my intuition and information lets me understand that Q3 results will be a reasonably good time for white rock.
Looking at the last few days as history shows good momentum into that annoucement.
At an average of 10 cents/day, you could see a trading price of $19 , even before the results are out.
Saying all that, with my expectations so high, I hope there is no let-down.
Again, I have no reason to think that, just bouncing ideas around.
What I do believe is that the market will be pleasently surprised and the remaining analysts whom have been cautious will finaly come on-side. That is after 5 years of wrk having to prove itself.
A word of warning to those waiting. Once there is buy-in from Bay street, the only way you will see wrk under $20 , is after the next split.
It is the highest yield in its peer group. The next closest puts wrk at 8% , which equates to $21/unit.
The industry average is 6.7% and that is $25 !!
There is still a huge upside.
It may take many months to get there, but the distribution make the wait worth while.