Recent runupWith the recent runup over the past week I think a little sell off was expected. The risk/reward short-term is not favourable. Also, that Dec.6 announcment set this stock off to the races and some investors (or News players) made quick coin and now want out before the Q4 #'s. I still hold strong that SVC at $3.05 is fairly valued to its peers with an outlook of
.03 and $26.8 mil. 4Q results.
That said, if any of the customers landed of that Dec. 6 announcement were subsidiaries of the big boys (NTT, KDDI au, or T-Mobile for example), SVC should once again be off to higher highs. Personally, I'm waiting to hear what Caputo says about this and what revenue these contracts will be generating!
Can't wait to hear what SVC has to say. Still holding half my position and hoping $3.05 was a bad call on my part!
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