RE:Reasons not to sell nowThanks for sharing Rookie89 - this was well put by Peter Hodson who doesn't have a reason to pump or distort like some of the other guests and authors who have been instrumental in impacting CXR's stock price. A bit of a summary:
Investors are concerned for the wrong reasons…
- Because it is being attacked
- Because no press releases
- Because it is going down
Fear is a big driver in the market.
How bad?
- Currently trading at 2X earnings
- Even if earnings miss for Q2 and you are half, you are still at 4X earnings
- At quarter of earnings would be 8 X earnings
Managemnt need to do an improved job at communications - we all know this of course!
All really just noise.
Under attack by many different levels - already reflected in stock.
Selling because it is down is not a good reason.
Negative headlines - Business Insider - short thesis (yesterday’s article which pulled the stock down) - this article was a rehash in a quiet summer when trading volume is low. Shocked at market reaction because most of it was old news. Even some inconsistencies - market cap in article incorrect.
Coordinated attack - one of the best attacks ever seen.
To all those longs out there, worth a watch. I liked this guy as he is not long or short in this stock so gave an unbiased opinion.
Video link:
https://www.bnn.ca/video/peter-hodson-discusses-concordia-healthcare~923719 Rookie89 wrote: https://www.bnn.ca/video/peter-hodson-discusses-concordia-healthcare~923719