RE:RE:Latest Target of $4.00 for Redkee !! A cuationary tale. Analysts sell hope... from feb 5, 2015:
"Following a “mixed” Q1 report, Cantor Fitzgerald Canada analyst Justin Kew is maintaining his “Buy” rating and $5.50 one-year target on
Redknee (TSX:RKN). The target price implied a return of 83% at the time of publication."
Price Feb 2016... $1.40 (-50%ish). Did anyone on the board listen to Justin back in 2015?
I'll agree that this is at or near bottom but to put a $4 target on this one could be construed as pumping.
Justing Kew rating...
Ranked #2,176 out of 4,274 Analysts
(#4,684 of 9,921 overall experts).
Would you take advice from someone in the 50th percentile in the business? Sure they are right some of the time - much like a slot machine that pays out every once in a while just to make you keep plugging.
Im watching the volume on this one and it will be a buy whern the technicals move in the right direction. maybe after tax loss selling?
DN