TSX:CUS.DB.D - Post by User
Comment by
ocean112on Apr 06, 2014 8:52am
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Post# 22417213
RE:Canexus mentioned on BNN April 4 Market Call
RE:Canexus mentioned on BNN April 4 Market Call....here`s the more interesting part.....here is what she was saying back on May 23 - 2013
(A Top Pick May 23/13. Down 14.17%.) Their chemical division has been under some pressure but management thinks this is in a trough. That division generates about $100-$130 million in EBITDA. Believes the dividend yield is safe. This is a buying opportunity. You are going to see the infrastructure side ramp up. Worth about $10-$11.
set aside the execution issue, cost overrun, in the short term....if her analysis back then said $10-$11 - whats to say it won`t hit this price again when things recover...
These analysts are full of it in my opinion - she is only saying this because she has egg on her face recommending it at around $8 a share - and then down 43%....she would have had more credibility with her analysis had she said - nothing really changed with the price target - its a steal at $4-$5 a share.....but no - she had to save face on live TV....
Useless analyst....her current assessment has no credability.....