TSXV:NYX.DB - Post by User
Comment by
stocksnbondson Nov 10, 2015 7:31pm
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Post# 24279157
RE:RE:RE:RE:Why is it down 10% today?
RE:RE:RE:RE:Why is it down 10% today?Checked out AYA's revenues. They were reported in Canadian dollars so the same headwinds will apply to the NYX licensees. I was mistaken that aya revenues were released in U.S. Dollars. The financing charges are in U.S. but not the financials. Sorry folks. I should have done my homework.
I'm now uncertain as what to think in terms of this US dollar issue. Most aya revenues like NYX originate in Europe and are translated into Cdn dollars for the financials. Why would US dollars figure in? Sorry to muddy the waters. I still think the nyx sell off was overdone in sympathy to aya but we'll need to see the financials to really get a grip on things.
What's odd is that Intertain had good earnings and operates mostly in Europe as well.
We'll see in two weeks. I'll take my own advice not to speculate.
sb