Multi bagger @ present & lower pricesAnalyst are all over the place. You have a low target of $1.25 from TD & Salman Partners high of $7.25. I do not believe in these both low & high targets.. One is crazy low & other very optimistic. The average of $3.58 makes more sense under the present environment.
I am patiently waiting for the stock to bottom out or till December 2015 to take a position. For the time being I just trade for small spreads.
Once this stock bottoms out it will become a multi bagger. It is hard to figure out at this time how & when it will bottom out. Even at present prices it offers lot of upside potential.
Eventually these sellers will get exhausted. At these prices when the company is loaded with cash it can become a takeover target.
Long time shareholders are under water big time & do not like the management. But at these & lower prices I see lot of opportunities for new investors.
Targets
TD $1.25
Salmon Part $7.25
BMO $2.25
Scotia $3.50
Desjardin $2.15