Some valuations from different institutions for TO
Here is some valuations from different institutions for TORC.
TOG 1.58
Target
---------
Scotia 3.25 206%
National Bank 4 253%
RBC 3.25 206%
FT Market Low 2.55, Med 3.25, High 4.25
Book Value
---------------
Morning Star Fair value 2.47 156%
RBC fundamentals 2.65 168%
Now, we can easily see that the value of the stock should be a lot higher than its current value on a book value perspective, even based on a NAVPS or CF. This stock has been a victim of shorting in my humble opinion. The volume of this stock is a stagerring 4 million. Now us retail investors should have a long term focus and fundmentals focus in my opinion so some good money can be made here. The take is give it a few quarters. This should hit $2 easily by year-end if not more .. again my own estimations.
I hope the company will do share consolidation (true some speculate that this can decrease the SP)
but for the # of floats to be less, I think it is better for the SP in the long term.
Anything you know about TORC you would like to share?!