OTCPK:TMBMF - Post by User
Post by
dosperroson Nov 21, 2016 4:08pm
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Post# 25491767
52 week high. Comments, conjecture, allegations, & forecast
52 week high. Comments, conjecture, allegations, & forecast 52 week high. But it's biased because nobody thought these guys could break nine-digit EBITDA. 90M in 2014, 70M in 2015.... just plain lousy. But I suspect the new profitability benchmark will be ~220M a year. This changes everything. It means that the highs achieved in the last 5 years don't count, and should be blown through in the next 52 weeks. Pretty cool to see. Business schools still teach "efficient market hypothesis" but these thinly-traded, peripheral stocks like this are anything but efficient.
We will see the brokerages recommend this to insiders in the short run, and then later come in with price targets from $3.00 to $5.50. They kept the targets low to allow them to make their real money -- connecting their clients with a big return before the general teeming masses pile in. Most retail guys don't even know the basics about finance, or how to read an analyst report. Not knocking them, but if it's scary voodoo then there is the perception that Amimal Spirts carry the day. Regardless, RBC, TD, etc. play "catch-up" with market runs. They don't even bother justifying it in any significance, they just spit out "well the EV/EBITDA multiple has expanded from 4.0 to 5.5 [overnight, magically by the Muse of valuation lol] and, uh, now our price target has come from 1.25 to 5.00. Deal with it. [Suckers]." Don't take it from me though, give it some hard thought. Unless you want to sell more at 1.50 of course.