RE: ARTICLE A copule of things regarding that Seeking Alpha article...
- The market has changed quite a bit since March/April of 2011 (SF's highs)
- Sino Forest was trading at $20 just before the collapse
- The TSX has lost 800 points since that time, not a huge amount
- Therefore, if SF had never had any allegations (and assuming business as usual) it would be trading at a minimum of $18.00 (taking into consideration the small decline in the market)
- But there is a "cloud" of uncertainty that now overhangs the company. I believe that it will eventually be shed, but my belief is not a guarantee
So, if this does trade again on the TSX, and it does open at $8.00 and trends upwards, it is possible that a short squeeze could happen taking the price quickly into the $20s before easing back down to what the market has decided. Add to this the lumber industry in general, and I think we have something very good.
But it is nice that one analyst has come forward with semi-positive news. Where are the others who saw this as a $30+ stock?
Okay...I am ready to be bashed...go for it bashers.