RE:RE:RE:RE:RE:Canaccord Genuity Analysisxulferdica,
I like the storey and have been investing since Q1 results, recently investing in the warrants. I do try to be realistic when it comes to value investments with baggage...
1. errode "until". Will stabilize betwen $3-$3.50 per share on current trends.
2. it should and will, but 5% growth on $400mm doesn't offset 25% decline on $580
mm
3. Real value upside from the current situation is when it moves from being a value investor play to a retail client play. It's still a tough sell to most investors. Those buying currently are generally more knowledgeable and risk tolerant than a typical investor. The share price has done well, next big move needs to come from results.
4. I think we're more likely to see $30 share price in the next 6-12 months if the company is acquired. Current mgm't is handcuffed to debt payment covenants and can't make material acquistions or capital investments to accelerate online growth. Which is a good thing, IMHO.