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Counsel Corporation CXSNF

A financial services company


GREY:CXSNF - Post by User

Post by Beingkon May 16, 2014 4:20pm
249 Views
Post# 22571749

Where is the Logic?

Where is the Logic?So we do .07/share in a quarter where the estimates I saw were .05/share.  We do that in a quarter that anyone with common sense about the business would have to assume is going to be the slowest of the year.  A quarter where the weather was horrendous in much of Canada.  We've finally eliminated the non-core operations that were a drag, and we'll never have to see that loss from discontinued operations ever again.  Yet we lose 5% on the reporting day?  Even if you only gave an eight times multiple, and chose to think we'd only do as well as we did in this off season quarter every quarter for the rest of the year, you still should have a share price of $2.24.  So what happened?

Of course, I realize no one here can actually answer that.  Sorry for my frustrated ranting.
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